Internal rate of return: Refer to problem 10.4. What is the IRR that Fraction mints management can expect on the project? Net present value: Franklin Mints, a confectioner, is looking to purchase a new jellybean-making machine at a cost of $312, 500. The company management projects that the cash flows from this investment will be $121, 450 for the next seven years. If the appropriate discount rate is 14 percent, what is the NPV for the project