Southwest Airlines is considering buying a new Boeing 737. The airplane will cost 32 million dollars today and then generate 10 million dollars per year for the next 13 years. After 13 years, the airplane will not generate any cash for Southwest Airlines. If the cost of capital is 8%, what is the NPV (in millions of dollars) of buying the new airplane?

PayPal is considering an update to its app. The update would cost 10 million dollars today, and 5 million dollars 1 year from now. In years 2-6, the update would increase PayPal's cash flows by 8 million dollars. What is the IRR of this project?

***plz answer both will give good review