Part B (12 marks) You are the CEO of Netflix and you are considering making a movie. The movie is expected to cost $50 million up front and will take 2.5 years to make. After that, it is expected to make $40 million in the year it is released (ie this $40 million will occur 3.5 years from today) and $9 million will occur annually for the following five years. Assume all cash inflows are one year apart of each other. a) What is the simple payback period of this investment? If you require a payback period of four years, will you make the movie? (3 Marks) b) What is the movie's NPV if the cost of capital is 10%? Will you make the movie? (3 marks) c) What is the movie's NPV if the cost of capital is 5%? Will you make the movie? (3 marks) d) Given the NPVs that you have calculated in the previous parts, estimate the range you think IRR will be at? Explain your reasoning