please show the outline of using excel output to get the answers

Problem 8-15 Your factory has been offered a contract to produce a part for a new printer. The contract would be for three years and your cash flows from the contract would be $5 million per year. Your up-front setup costs to be ready to produce the part would be $8 million. Your cost of capital for this contract is 8%. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed al reference may be preferred. If a specific Excel function is to be used the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, urually the Given Data section .. What does the NPV rule say you should do? b. What does the IRR tule say you should do? c. Does the IRR rule agree with the NPV rule in this case? $ $ Initial Investment (million) Annual cash flow (million) Number of periods (years) Cost of capital 8 5 3 8% 2. What does the NPV rule say you should do? NPV (million) Make investment (Yes/No) b. What does the IRR rule say you should do? IRR Make investment (Yes/No) c. Does the IRR nile agree with the NPV rule in this case? NPV & IRR agree (Yes/No) Requirements In cell DI6, by using the PV function and cell references, calculate the NPV of the project. Note: Do not use the [fv] and (type) arguments in the PV function (1 pt) 1 2 In cell D17type Yes or No depending on whether you would take the project or not (1 pt). 3 In cell D21, by using the RATE function and cell references, calculate the IRR of the project (I pt.). In cell D22, type Yes or No depending on whether you would take the project or not (I pt.). 5 In cell 026, type Yes or No depending on whether the NPV rule agrees with the IRR rule in this case 14 (1 p.) BS 1 8-15 +