"Multiple IRRs. The Fairmont Corporation is planning on erecting an exhibit for the next state fair. The exhibit will require a cash outlay of $100,000 at the first of this year. Expected gate receipts will be $270,000 at the end of this year. Next year the firm will have to raze the building at an expected cost of $180,000. The firm's cost of capital is 15 percent. a. What is the NPV of the project? b. What is the IRR of the project? [Hint: Calcu- late the NPV at discount rates of 20 percent and 50 percent.] c. Why are there multiple IRRs for this project? 4. Should the project be accepted?