To resolve the problem of traffic in Tullamarine Freeway, the Victorian government has recently announced a railway project from Sunshine station to Melbourne airport. Your company is planning to bid for the project, and you are responsible for financial evaluation of the project. The strategy of your company is to accept the project if the Internal Rate of Return (IRR) is \%10. Considering the following costs and benefits, estimate what should be the annual maintenance and operation costs of the project in order to meet the company's criterion (having IRR of \%10). Costs and Benefits of the project: The projected lifetime of the project is 30 years. It will cost $300 million to purchase the land, $1.5 billion for construction and a further $1.5 billion for the transmission and distribution network. Annual benefit from selling train ticket is $390 million. At the end of the project the land will have a resale value of $60 Million