= Homework: Chapter 8 Question 10, P 8-15 (simi... Part 1 of 2 HW Score: 75%, 9 of 12 points O Points: 0 of 1 Save 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 $5.02 million per year. Your upfront setup costs to be ready to produce the part would be $7.94 million. Your discount rate for this contract is 7.9%. a. What is the IRR? b. The NPV is $5.02 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.)