Using the IRR or NPV method, calculate and determine if the following capital budget project is viable: Project Cost $2 million, Project Life 10 years, and Cost of Capital 15%. Information needed to complete the capital budgeting: Complete the capital budgeting: Explanation of IRR and NPV methods? Your company expects to save $450,000 per year for the next 10 years by purchasing the item. Net Present Value using a discount rate of 15%. The company believes its initial investment will be $2 million. What is the Internal Rate of Return? Provide an analysis of results and comparison between IRR and the company cost of capital?