M.Mosso, a copying company, paid $3 million last year for a feasibility study. If the company goes ahead with the project, it must immediately spend another $20 million now, and then spend $30 million in one year. In two years it will receive $50 million, and in three years it will receive $20 million. If the cost of capital for the project is 11 percent, what are the project's NPV and IRR? NPV =$5.18 Million, IRR= 17.52% NPV=$12.72 Million, IRR= two positive IRRs NPV=$2.72 Million, IRR=16% NPV=$8.18 Million, IRR=22.03%