Monty Company manufactures sutomobile components for the worldwide market. The company has three reproduction facilities in Virginia, New Jersey and California which wave been operating for many years Brett Harresident of production belove its time to upgrade operations by implementine computer teated manufacturing Co of the plants Brett hos baked corporate controller Connie Carson to gather information about the costs and berehts of implementing CIM Carson han athered the following data Initial gomento 5 7400.000 Working capital reared at startup 600.000 Salvage value of entire courent 107400 Warwal operating com twings $ 1202.860 Salvage value of new enviometu end of the 4.400 Working capital and und die $ 600,000 Usefument $ $ $ 10 Monty Company 12% discount Andrew Burt, manager of the Virginia plant, has been looking over Carson's information and believes she has missed some important benefits of implementing CIM. Bure believes that implementing CIM will reduce scrap and rework costs by $214800 per year. The CIM equipment will take up less floor space in the factory than the old equipment, frein 6,000 square feet of space for planned new research facility Initial plans called for renting additional space for the new facility a cost of $29 per square foot Calculate a revised niet present value and internal rate of return using this additional information for calculation purposes, we decimal places as displayed in the factor table provided and round final answer to decimal ploon 58.971. Round Internal rate of return to 2 decimal places, s 15.262) Net present value Internal rate of return 9.55 Does your recommendation charges asult of this information