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Kalax Corp is considering an investment project that requires two years to develop. The project will cost $ 100,000 in each of the next two years, to be paid at the beginning of the year. After the two year development period, the project will be active and begin producing positive year-end cash inflows of $65,000 / year for five years. Kalax's required rate of return is 13%. a) Calculate the NPV of this project. Should Kalax accept this project? (3 marks) b) What is the IRR of this project? Based on IRR, should Kalax accept this project? (3 marks ha 1 B I iii III Qo c