The Boeing Company has received a NASA contract worth $460 million to build rocket boosters for future space missions. NASA will pay $50 million when the contract is signed, another $360 million at the end of the first year, and the $50 million balance at the end of second year. The expected cash outflows required to produce these rocket boosters are estimated to be $150 million now, $100 million during the first year, and $218 million during the second year. The firm's MARR is 12%. The cash flow is as follows:

N outflow inflow net cash flow

0 150 50 100

1 100 360 260

2 218 50 -168

(a) Show whether this project is or is not a mixed investment.

(b) Compute the IRR for this investment.

(c) Should Boeing accept the project?