Question: Additional information: - The investment required to develop the software is R1100000. - The company's required return on investment is 12%. - The net present

Additional information: - The investment required to develop the software is R1100000. - The company's required return on investment is 12%. - The net present value at 12% is R107210. - It is recommended that you also use an alternative required return rate of 16% for your analysis. Required Show all formulas and calculations. 4.2.1. Use the information provided to calculate the internal rate of return (IRR) for this investment. (15) 4.2.2. Recommend to Cloud's management whether they should invest in the software development. Provide reasons for your recommendation. (4)

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