We-Deliver company is considering increasing its fleet by 15 new vans for a total cost of $3.0 million. They expect to keep the vans for 10 years and then sell them all for $300,000. To help them decide which type of van to buy they paid an intern $8,000 to compare alternatives and create a report. We-Deliver believes that these new vans will create incremental annual revenue of $35,000 per additional van. They expect that annual operating costs per vehicle will be $15,500. Working capital of $25,000 will be required which will be returned when the vehicles are salvaged. The company has a 35% tax bracket, the CCA rate equals 30% and the firm uses 10% as a cost of capital. a) Based upon a NPV analysis should the company purchase the vehicles? Show all your work. b) What you can you say about the IRR of the project? (no calculation is necessary)