Hayes Company is considering two capital investments. Both investments have an initial cost of $10,000,000 and total net cash inflows of $17,000,000 over 10 years. Hayes requires a 12% rate of return on this type of investment. Expected net cash inflows are as follows: (Click the icon to view the expected not cash inflows.) Read the requirements Requirement 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company pursue? (Use parentheses or a minus sign for a negative NPV. Round the NPV calculations to the nearest whole dollar and the IRR calculations to two decimal places, X.XX%) The NPV (net present value) of Plan Alpha is i Data Table The NPV (nel Year i Requirements Plan Alpha $ 1,700,000 S 1.700,000 Plan Beta 1,700,000 Year 1 Year 2 Year 3 Year 4 Year 5 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any. should the company pursue? 2. Explain the relationship between NPV and IRR. Based on this relationship and the company's required rate of return, are your answers as expected in Requirement 1? Why or why not? 3. After further negotiating, the company can now invest with an initial cost of $9,500,000 for both plans. Recalculate the NPV and IRR. Which plan, if any. should the company pursue? Year 6 2,300,000 2,900,000 2,300,000 1,700,000 1,600,000 1,200,000 800,000 400,000 2,100,000 1,700,000 1,700,000 1,700,000 1,700,000 1,700,000 1,700,000 1,700,000 1,700,000 $ 17,000,000 S Year 7 Year 8 Year 9 Enter any nun ? Print Done Year 10 7 parts Clear All 17,000,000 remaining Total Check