Facebook is considering two proposals to overhaul its network infrastructure. They have received two bids. The first bid from Huawei will require a 19 million upfront investment and will generate 20 million in savings for each year for the next 3 years. The second bid from Cisco requires a 95 million upfront investment and will generate 60 million in savings each year for the next 3 years. a. What is the IRR for associated with each bid? b. If the cost of capital for each investment is 16%, what is the net present value (NPV) for FB of each bid? Suppose Cisco modifies its bid by offering a lease contract instead. Under the terms of the lease, FB will pay 23 million upfront, and 35 million per year for the next 3 years. fb's savings will be the same as with Cisco's original bid. c. Including its savings, what are fb's net cash flow under the lease contract? What is the IRR of the Cisco bid now? d. Is this new bid a better deal for than Cisco's original bid? Explain