($ millions) Year 0 Year 1 Year 2 Years 3 10 170 0 1.02 Investment Production (millions of pounds per year) Spread ($ per pound) Net revenues Production costs Transport Other costs ooOON 0 1.02 0 0 47 1.02 47.94 37.00 0 27 87 1.02 88.74 37.00 0 0 27 Cash flow -170 -27 16.06 24.74 NPV (at r = 10%) = 0 Assume the dividend payout ratio each year is 100%. a. Calculate the year-by-year book and economic profitability for investment in polyzone production. Assume straight-line depreciation over 10 years and a cost of capital of 10%. (Negative answers should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Enter your income answers in millions rounded to 2 decimal places and enter the rate of return as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. | Book Book rate Economic income ($ income ($ of return millions) (%) millions) Period in in (44.00 (33.06) 7.74 7.74 7.74 7.74 7.74 7.74 7.74 7.74 (25.88 (19.45 X 4.55 X 4.55 4.55 X 4.55 4.55 X 4.55 4.55 X 4.55 X (61.13) (42.66X 36.28X 37.44 28.71x 40.10 41.64 43.33% 45.19 47.23 b-1. What is the economic rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) X Answer is not complete. Economic rate of return