NPV and IRR. Gigantic Group has prepared the following estimates for a long-term expansion project. The initial investment is exist 248, 250, and the project is expected to yield after-tax cash inflows of exist 65,000 per year for 5 years. The firm has an 8% cost of capital. a. Determine the net present value (NPV) for the project. b. Determine the internal rate of return (IRR) for the project. c. Would you recommend that the -firm accept or reject the project? Explain your answer.