JazzCo is considering a project with a first cost of $120,000, annual savings of $40,000 and a salvage value of $25,000. The project will last 4 years. JazzCo's MARR is 11% annual compounded annually. (a) Calculate the project IRR. Check with Excel. Include the Excel output with your assignment report. Use the rate function and Goal Seek. (6 marks) (b) Should jazzCo pursue the project, based on the value of the IRR? Why or why not? (5 marks)