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Crystal was evaluating the feasibility of a project that has an initial investment of $195,000 and subsequent investment of $170,000 in the 1st and 2nd

Crystal was evaluating the feasibility of a project that has an initial investment of $195,000 and subsequent investment of $170,000 in the 1st and 2nd years. from the 3rd year onwards, It will generate cost savings of $235,000 every year for 8years. a) If the project has a terminal value of $85,000, what is the internal Rate of Return (IRR)? b) Should the project be accepted if the company's cost of capital is $22.000%

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