Singleton Supplies Corporation (SSC) manufactures medical products for hospitals, clinics, and nursing homes. SSC may introduce a new type of Xray scanner designed to identify certain types of cancers in their early stages. There are a number of uncertainties about the proposed project, but the followina data are believed to be reasonablv accurate. SSC uses a cost of capital of 16% to analyze average-risk projects, 13% for low-risk projects, and 19% for high-risk projects. These risk adjustments primarily reflect the uncertainty about each project's NPV and IRR as measured by their coefficients of variation. The firm is in the 40% federal-plus-state income tax bracket. a. What is the expected IRR for the X-ray scanner project? Base your answer on the expected values of the variables. Also, assume the after-tax "profits" figure that you develop is equal to annual cash flows. All facilities are leased, so depreciation may be disregarded. Do not round intermediate calculations. Round the answer to two decimal places. % Can you determine the value of IRR short of actual simulation or complex statistical analysis? b. Assume that SSC uses a 16% cost of capital for this project. What is the project's NPV? Do not round intermediate calculations. Round the answer to the nearest cent. $ Could you estimate oNPV without either simulation or a complex statistical analysis