costs to be ready to profered a contract to produce a part for a new printer. The contract would last for three years, and your cash flows from the contract would be $$4\mathrm{.}98$ million per year. Your upfront setup

a$.$ What is the IRR?

b$.$ The NPV is $$5\mathrm{.}02$ million, which is positive so the NPV rule says to accept the project. Does the IRR rule agree with the NPV rule?

a$.$ What is the IRR?

The IRR is

$\%.($Round to two decimal places.$)$

b$.$ The NPV is $$5\mathrm{.}02$ million, which is positive so the NPV rule says to accept the project. Does the IRR rule agree with the NPV rule? $($Select from the drop$-$down menu.$)$

The IRR rule with the NPV rule.