$($Related to Checkpoint $11\mathrm{.}1$ and Checkpoint $11\mathrm{.}4)($Calculating NPV$,$ PI$,$ and IRR$)$ Fijisawa, Inc. is considering a major expansion of its product line and has estimated the

following cash flows associated with such an expansion. The initial outlay would be $$10,800,000,$ and the project would generate cash flows of $$1,250,000$ per year for $20$

years. The appropriate discount rate is $9\mathrm{.}0$ percent.

a$.$ Calculate the NPV$.$

b$.$ Calculate the PI$.$

c$.$ Calculate the IRR.

d$.$ Should this project be accepted? Why or why not?