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Your firm is considering a project that will cost $ 4 . 5 1 8 million up front, generate cash flows of $ 3 .

Your firm is considering a project that will cost $ 4.518 million up front, generate cash flows of $ 3.48 million per year for 3years, and then have a cleanup and shutdown cost of $ 5.97 million in the fourth year.
a. How many IRRs does this project have?
b. Create an NPV profile for this project(plot the NPV as a function of the discount ratelong dashsee the appendix).(NOTE: students will solve this question part using Excel only. A student response is not included in MyFinanceLab).
c. Given a cost of capital of 9.9% should this project be accepted?

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