Making An inner city amateur theatre company, Theatre Mama is planning performing at an old Sydney theatre in the inner suburb of Newtown. The producers of the theatre plan combined total of 40 weeks, if possible. Given the size of the theatre and the expected seat-sales rate, the producers think they box office. The plays will cost $53 000 to mount in the first place to cover costs of new seats, costumes and props, and the weekly running costs expected to be $5 300. an investment decision on a project on a new take on two Shakespearean plays, Hamlet and Macbeth alternating the performances of the two plays for a on can gross $420 000 at the are Assume for the NPV and IRR calculations that all funds are earned and paid, except the mounting costs, at the end of the 40 weeks. The sets, costumes and props are expected to realise $26 500 at the end of the run. Required a. What is the ARR? b. What is the PP? c. What is the NPV if the producers 13 per cent elsewhere on their can earn funds? d. What is the IRR for the venture? e. Would you advise the producers to go ahead or not? Why