NO EXCEL please use formulas

11. (1.25 points) What is the internal rate of return (IRR)? Round to the nearest 0.01% 12. (1.25 points) Suppose GM is considering expanding its operations to a new overseas market. The move will require $1,000,000,000 to build a new plant, sales center, and local sales team. The company estimates it can generate S175,000,000 in sales in the first 8 years, followed by sales of $250,000,000 for 3 years, after which it expects to generate revenues of $300,000,000 per year for 9 years. However, during cach year operating costs (labor, equipment, etc), will be $20.000.000, In year 10, the firm will need to spend an additional $25,000,000 to update its facilities. If the firm's required rate of return is 17.25%, what is the net present value of the project? Round to the nearest 30.01. Hint. Draw a timeline with the appropriate net cash flowes in each wear