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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

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 $5.07million per year. Your upfront setup costs to be ready to produce the part would be $7.92million. Your discount rate for this contract is 7.5%.a.What is the IRR?b.The NPV is $5.26million, 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.)

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