FastTrack Bikes. Inc is thinking of developing a new composite road bike Development w-fll take six years and the cost is $209,100 per year Once in production, the bike is expected to make $303,620 per year for 10 years. The cash inflows begin at the end of year 7. For pans a-c, assume the cost of capital is 10.6%. a. Calculate the NPV of this investment opportunity Should the company make the investment0 b. Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged c. How long must development last to change the decision0 For parts d- assume the cost of capital is 14.4 degree o d. Calculate the NPV of this investment opportunity Should the company make the investment'' e. How much must this cost of capital estimate deviate to change the decision? f. How long must dev elopment last to change the decision0 b. Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged Use a financial calculator or the IRR function within Microsoft Excel to calculate the IRR The IRR is 12.17X (Round to two decimal places >> The maximum deviation ts found by subtracting the cost of capital from the IRR