The City Council of Radiator Springs is considering a proposal to encourage tourism through the development of a water park. The developers have asked the city to provide a grant of $1,000,000 to help pay for construction of the park. They claim that the park will increase sales and tourism taxes to the community in the amount of "at least" $60,000 per year for 20 years. The mayor, who supports the investment, claims that the grant will have a return on investment of 20 percent over the life of the project. Please format the answers as required below. A. Calculate the net present value of the proposed investment, with a discount rate of 4 percent (the current earning on Radiator Springs' investment portfolio). Record the answer rounded to the dollar (e.g., 250,000, not 250,000.00) (5 points) NPV = [A] B. What is the internal rate of return on this proposed investment? Please report the IRR as a decimal and not percentage, carried out to three decimal places (e.g., 0.025 or 0.037, not 2.5% or 3.7%) (5 points) IRR = [B] Specified Answer for: A 372,161 Specified Answer for: B 0.064