Planet Company is evaluating a capital project with the following characteristics: 

The initial capital outlay is 500,000 dirhams.

Annual after-tax operating cash flows are 90,000.

Project life is 10 years.

The project beta is 1.20.

The risk-free rate is 4% percent and the expected market return is 10%.

The cost of capital is 13%

(a)Compute the project's NPV.

(b) Compute the project's IRR

(c)Based on the NPV and IRR results, discuss whether the project should be accepted?