Your factory has been offered a contract to produce a part for a new printer. The contract would last for three years, and your cash flows from the contract would be $$5\mathrm{.}07$million per year. Your upfront setup costs to be ready to produce the part would be $$7\mathrm{.}92$million$.$ Your discount rate for this contract is $7\mathrm{.}5\%.$a$.$What is the IRR?b$.$The NPV is $$5\mathrm{.}26$million$,$ which is positive so the NPV rule says to accept the project. Does the IRR rule agree with the NPV rule?a$.$What is the IRR?The IRR is$\%.($Round to two decimal places.$)$