power's stock is traded on the TSX and its current stock prices is $95.50. It has paid a dividend of $3 for the last 10years and therein no indication of this changing in the future.

Power is assessing 2 large project currently: The first is a solar farm, sunny ventures and the second is a wind farm. open prairies.

Sunny ventures is a $45 million project and has a NPV of $5.3 million, its IRR is2.94%.

open prairies is a $85 million project with an NPV of $11.5 million and IRR of 4.75%

Should Powerco proceed with sunny ventures?Explain why?