Dynamic is considering investing in a rooftop solar network to generate its own power. Any unused power will be sold back to the local utility company. Between cost savings and

new revenues, the company expects to generate $$1,560,000$ per year in net cash inflows from the solar network installation. The solar network would cost $$8\mathrm{.}8$ million and is

expected to have a $18-$year useful life with no residual value. Calculate $($i$)$ the internal rate of return $($IRR$)$ and $($ii$)$ the net present value $($NPV$)$ assuming the company uses a $12\%$

hurdle rate.

$($i$)$ Calculate the internal rate of return $($IRR$).$ Use technology to find this value. $($Enter a percentage rounded to two decimal places, X$.$XX$\%.)$

IRR $($as a percentage$)$: