[oucKMnwin] A manufacturer of beckpads pians to introduce a new line. Equipenent and production costs wil be incurred immediateity and will total 57,272,727. The company expects to earn a pro your) Sales tre then opected to grow br, 10% per year in each of the next three years (in year 2 , year 3 , and year 4 ) but the price is expected to remain at $20 throughout. What is the Place your answer in percentage form wet no percentage sign. That is, if your answer is four pont ejght eight percent, you should enter that value as 4.88. should the companv aroduce the backacis if the required rate of return is 12W ? (Yas or No) You must get both parts coned to receive credt 157,272,727. The company expects to earn at profit of $20 per backpack, and sales are estimated to be 100,000 in the frist year fassume that the cash fow comes in at the end of the expected to remain at $20 throughout. What is the internal rate of retern of this project? ter that value as 4.88