Spider Lamp is considering the manufacture of a new lamp. Equipment necessary for production will cost $9 million and be depreciated on a straight-line basis over the eight-year life of the product to $1 millions salvage value. The lamp will retail for $110. The company expects to sell 100,000 lamps per year. Fixed costs will be $2,000,000 per year and variable costs are $45 per lamp. Production will require an investment in net working capital of $500,000. The tax rate is 40 percent Perform a scenario analysis using 10 percent, 20 percent, and 30 percent cost of capital. Calculate IRR and NPV for each case.