Note: Course Name: Engineering Economics. Please help me to solve this following problem. And thank you for your great support. Updated resolution: You can put in decimal formal. And thank you.

A new water treatment operation is being considered for the new automated water treatment plant in South Africa. The system can be purchased and installed for $44.5 million and requires additional annual operating and maintenance expenses of $2.7 million over a 22-year period. However, it will save an estimated $5.7 million each year from the reduced operational, environmental, and security risks. The company uses a MARR of 12 percent per year in its economic evaluations of the new system. The market value of the system will be $4.45 million at the end of 22 years. Please calculate your answer to 5 decimal places. Format: 0.00000 and no commas You have 2 tries for this question a. Use an appropriate method to determine the IRR for this project b. Should this project be accomplished? O A. Yes because the rate of return is less than the MARR O B. Yes because it will make me famous. OC. Yes because the IRR is greater than 0. OD. No because the rate of return is less than the MARR