The world's largest carpet manufacturer has just completed a feasibility study of what to do with the 16,000 tons of overruns, rejects, and remnants it produces every year. The company is proposing to build a $12 million power plant to burn its waste to generate electricity, thereby saving $2.8 million a year. Company engineers have determined that the plant would be environmentally sound. At the end of five years the plant could be sold to the local electric utility for $6 million. (a) Find the IRR for the project. (b) The company's MARR is 15%. Is this project viable