SOLVE USING IRR FUNCTION ON CALCULATOR AND NPV CALCULATOR FUNCTION SHOW ALL WORK

E: 111 Roden Inc. is considering sponsoring a pavilion at the upcoming World's Fair. The pavilion would cost $4.5 million, and is expected to result in $7 million of cash inflow for year 1. However, at the end of the second year the pavilion would have to be demolished and the site returned to its original condition, costing the firm $2 million. Thus, the pavilion project's cash flows are as follows: Year Net Cash Flow 0 ($4.5 million) 1 + $7 million 2 ($2 million) a. Which of the following statements is most CORRECT? The project should be rejected if the firm's cost of capital is 9 percent b. As the cost of capital approaches infinity, the NPV will approach negative $2 million c. The project has two IRRs (17.83946 percent and 601.446275 percent) so the project should be accepted if the firm's cost of capital is between the two IRRs. d. The project has two IRRs (17.83946 percent and 601.446275 percent) so the project should be accepted if the firm's cost of capital is between 0 and 17.83946 percent or above 601.446275. e. The project should only be accepted if the cost of capital is between 0 and 17.83946 percent