how would you solve the IRR? step by step instructions

Homework: Chapter 8 Homework Problems Save Score: 5 of 10 pts 6 of 18 (18 complete) HW Score: 93.52 % , 168.33 of 180 pts P 8-9 (similar to) Question Help You are considering opening a new plant. The plant will cost 595.9 milion up front and will take one year to build. After that it is expected to produce profts of $28.7 milon at the end of every year of production. The cash flows are expected to last forever. Caloulate the NPV of this investment opportunity your cost of capital is 8.9%. Should you make the investment? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged. The NPV of the project will be 5 milion. (Round to one decimal place)