Merrill Corp. has the following information available about a potential capital investment:

Assume straight line depreciation method is used.

Required:

Calculate the project's net present value.

Without making any calculations, determine whether the internal rate of return $($IRR$)$ is more or less than $10$

percent.

Calculate the net present value using a $13$ percent discount rate.

Without making any calculations, determine whether the internal rate of return $($IRR$)$ is more or less than $13$

percent.