You are a consultant to a firm evaluating an expansion of its current business. The cash$-$flow forecasts $($in millions of dollars$)$ for the

project are as follows:

On the basis of the behavior of the firm's stock, you believe that the beta of the firm is $1\mathrm{.}39.$ Assume that the rate of return available on

risk$-$free investments is $6\%$ and that the expected rate of return on the market portfolio is $14\%.$

a$.$ What is the project IRR?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

b$.$ What is the cost of capital for the project?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

c$.$ Does the accept$-$reject decision using IRR agree with the decision using NPV$?$

Answer is complete but not entirely correct.