You are evaluating installation of Solar Panels on the roof of your employer's factory. The CFO told you the Investment Committee will proceed if the IRR, measured over a ten-year period (compounded annually), is greater than 15%. You evaluate hours of sunlight, probability of clear skies, electric rates etc. and are confident that the project will return at least $200,000 per year for each of the next 10 years.

A Contractor submits a firm bid to buy, deliver and install the Panels for $950,000. Should you proceed with the Project? Why or why not?