if possible please show steps for #6. Thank you!

GCC is considering a proposal from its vice-president of marketing to open an assembly plant in Germany to provide faster deliveries to its European Union (EU) customers. Building the plant and making it operational should take about eight months and will cost about $14 million GCC's engineering team estimates that the plant will require a major overhaul and refitting in about 20 years, so GCC's managerial accounting team has estimated the net operating cash flows for the next 20 years. Both the engineers and accountants believe that the building will become obsolete at the end of that period and GCC should consider whether to refurbish the plant or find a new location at that time. The net operating cash flows in Year 20 do include an estimate for an expected sale of the plant less relevant shutdown costs. In other words, GCC's engineers and accountants have done a lot of the necessary work for you on this analysis. GCC qualifies for a loan from the EU Economic Development Bank to fund this project at an interest rate of four percent. GCC top management has decided to use this four percent as its hurdle rate for this proposal (it normally would use its weighted-average cost of capital to compare this project with alternative projects, but this project has its own funding source, so they decided to use the cost of the funding source as the hurdle rate). Below is the managerial accounting team's estimate of the net operating cash flows (in US dollars) for each year of the new plant's operations (you should assume these net cash flows occur in one lump sum at the end of each year... it will make your calculations much easier than making another assumption): Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 NOCF 900,000 920,000 940,000 950,000 1,000,000 1.100.000 1,300,000 1,300,000 1,300,000 1,000,000 1,000,000 800,000 800,000 800,000 500,000 500,000 500,000 500,000 100,000 5,000,000 5. (15 points): What internal rate of return (stated as a percentage, including at least six decimal places) will GCC earn if it builds the assembly plant in Germany (Part B)? 6. (15 points): What residual income (or loss) will GCC earn if it builds the assembly plant in Germany (Part B)? 7. (10 points): Name one specific non-monetary factor GCC should consider in making the investment decision in Part B. GCC is considering a proposal from its vice-president of marketing to open an assembly plant in Germany to provide faster deliveries to its European Union (EU) customers. Building the plant and making it operational should take about eight months and will cost about $14 million GCC's engineering team estimates that the plant will require a major overhaul and refitting in about 20 years, so GCC's managerial accounting team has estimated the net operating cash flows for the next 20 years. Both the engineers and accountants believe that the building will become obsolete at the end of that period and GCC should consider whether to refurbish the plant or find a new location at that time. The net operating cash flows in Year 20 do include an estimate for an expected sale of the plant less relevant shutdown costs. In other words, GCC's engineers and accountants have done a lot of the necessary work for you on this analysis. GCC qualifies for a loan from the EU Economic Development Bank to fund this project at an interest rate of four percent. GCC top management has decided to use this four percent as its hurdle rate for this proposal (it normally would use its weighted-average cost of capital to compare this project with alternative projects, but this project has its own funding source, so they decided to use the cost of the funding source as the hurdle rate). Below is the managerial accounting team's estimate of the net operating cash flows (in US dollars) for each year of the new plant's operations (you should assume these net cash flows occur in one lump sum at the end of each year... it will make your calculations much easier than making another assumption): Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 NOCF 900,000 920,000 940,000 950,000 1,000,000 1.100.000 1,300,000 1,300,000 1,300,000 1,000,000 1,000,000 800,000 800,000 800,000 500,000 500,000 500,000 500,000 100,000 5,000,000 5. (15 points): What internal rate of return (stated as a percentage, including at least six decimal places) will GCC earn if it builds the assembly plant in Germany (Part B)? 6. (15 points): What residual income (or loss) will GCC earn if it builds the assembly plant in Germany (Part B)? 7. (10 points): Name one specific non-monetary factor GCC should consider in making the investment decision in Part B