Capital Budgeting: Kaman recently acquired the Aircraft Wheel and Brake Division from Parker Hannifin Corporation. The agreement includes a payment of $440 million to Parker Hannifin plus an additional $1.3 million for working capital. Though Parker Hannifin states that the units sales are approximately $70 million per year, Kaman believes the purchase provides inroads into higher-end sales for all of its Precision Parts Division. Assume first-year sales related to the division are $285 million, cash operating expenses are 77% of sales, with sales growing at the consensus rate of 1.98%.

1.)Calculate IRR&NPV