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M.Mosso,a copying company, paid $3 million last year for a feasibility study. If the company goes ahead with the project, it must immediately spend another

M.Mosso,a copying company, paid $3 million last year for a feasibility study. If the company goes ahead with the project, it must immediately spend another $20 million now, and then spend $30 million in one year. In two years it will receive $50 million, and in three years it will receive $20 million. If the cost of capital for the project is 11 percent, what are the project's NPV and IRR?

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