Garbage City is studying a 700-acre site for a new landfill. The new site will save $70,000 in annual operating costs for 10 years, as it currently uses the landfill of a neighboring municipality. Other data are:Prepare a schedule using the lines below to determine the net present value of this project Is the internal rate of return (IRR) on this project greater than or less than 7% (circle the correct answer)