Crowell Company is considering two capital investments. Both investments have an initial cost of $9,000,000 and total net cash inflows of $17,000,000 over 10 years. Crowell requires a 15% rate of return on this type of investment. Expected net cash inflows are as follows: Requirements 1. Use Excel to compute the NPV and IRR of the two plans Which pian, if any, should the company pursue? 2. Explain the relationship between NPV and IRR. Based on this relationship and the company's required rate of retum are your answers as expected in Requirement 17 Why or why not? 3. After further negotiating the company can now invest with an initial cost of 58 100 000. Recalculate the NPV and IRR. Which plan any should the company pursue? Print Done Kingdom Or Sai Arabia Ministry of Higher Prince Saltam bin Abdulaziz University College of Business Administration Accounting Department Data Table Year 1 2 3 4 5 6 7 B Plan Alpha $ 1.700,000 $ 1,700.000 1,700.000 1,700.000 1,700.000 1.700.000 1.700.000 1.700.000 1,700.000 1,700.000 17 000 000 $ Plan Beta 1.700 000 2.400.000 3.100.000 2.400.000 1700 000 1 600 000 1.300.000 1 000 000 700.000 1.100.000 17 000 000 9 10 Total