* is part would you recommend that Golden Resources implement the proposed new project, if if determines that all three scenarios are equally likely? 6.2 Manitoba Railroad Limited (MRL) is considering spending $522 million to add new locomotives and train cars. It is estimated that the trains will last 15 years and have an estimated salvage value of $50 million at the end of 15 years. Expected annual revenue increases before depreciation for the first five years are $75 million, for the next five years are $50 million, and for the last five years are $40 million. MRL's cost of capital is 7%. (a) Required: (i) Accounting rate of return (ii) Payback period (iii) Net present value Calculate: (iv) Internal rate of return. (b) State with reasons, your recommendation to MRL concerning implementation of this project