You are considering investing in a company opening a new chain of fashion retail stores. The initial investment is for $500,000 payable now. After that, you expect the venture to pay you $30,000 at the end of every year. These cash flows are expected to continue forever. Your cost of capital is 6.5%. a. Calculate the NPV of this investment opportunity? b. Calculate the IRR? c. Based on your calculations of NPV and IRR should you undertake the investment? d. Using the IRR you calculated what is the maximum deviation allowable in the cost of capital estimate to leave your decision unchanged