competitors. Financially, what is the economic worth of outbidding the competitors for this project?

Click the icon to view the cash flows for the project.

$($a$)$ Determine whether this project is or is not a mixed investment. Choose the correct answer below.

Pure

Mixed

$($b$)$ Compute the IRR for this investment. Assume MARR $\backslash (=12\backslash \%\backslash ).$

The IRR for this investment is $\backslash (\backslash$square $\backslash \%\backslash ).($Round to two decimal places.$)$