I need answers to a, b, and c.

A new Senior VP, Information Technology proposes the investment in a new computer system that will save the company annual cash flows of $2.50 million per year for each of the next five years. The VP analyzes the situation as a total savings of $12.50 million savings compared to an initial cost of $9.50 million and comments, "If we implement this new system the company earns a return of 32%! ($12.50 million/$9.50 million) Excellent return in light of a required rate of return of 12.5%!!" a. If the company requires this 12.5% rate of return, what is the present value of the savings and should the investment be made? Evaluate only the incremental cash flows! Please answer in million with 2 decimal places of accuracy. b. What is the project's internal rate of return (XX.XX%)? c. What annual savings would you need to have to generate a 12.5% internal rate of return? Please answer in millions with 2 decimal places of accuracy