(IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $9,000 resulting in a cash inflow of $1,940 at the end of each year for the next 8 years. The internal rate of return of the project is %. (Round to the nearest whole percent.) (Related to Checkpoint 11.1 and Checkpoint 11.4) (Calculating NPV, PI, and IRR) Fijisawa, Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $11,700,000, and the project would generate cash flows of $1,300,000 per year for 20 years. The appropriate discount rate is 7.4 percent. a. Calculate the NPV. b. Calculate the Pl. c. Calculate the IRR. d. Should this project be accepted? Why or why not