You are considering opening a new plant. The plant will cost $$101\mathrm{.}6$ million upfront. After that, it is expected to produce profits of $$31\mathrm{.}2$ million at the end of every year. The cash flows are

expected to last forever. Calculate the NPV of this investment opportunity if your cost of capital is $8\mathrm{.}3\%.$ Should you make the investment? Calculate the IRR and use it to determine the

maximum deviation allowable in the cost of capital estimate to leave the decision unchanged.