please,show how you find IRR step by step? I cannot seem to solve it correctly.

You are considering opening a new plant. The plant will cost $95.6 million upfront and will take one year to build After that, it is expected to produce profits of $30,5 milic at the end of every year of production. The cash flows are expected to last forever. Calculate the NPV of this investment opportunity if your cost of capital is 8.1% Should you make the investment? Calculate the IRR Does the IRR rule agree with the NPV rule? 2 Years 3 Forever 4 ---- Cash Flow (5 million) -95.6 305 305 30.5 305 Calculate the NPV of this investment opportunity, if your cost of capital is 8.1% The NPV of this investment opportunity is $ 2527 million (Round to one decimal place) Should you make the investment? (Select the best choice below) OA No, because the NPV is less than zero MB Yes, because the NPV is positive OC. No because the NPV is not greater than the initial costs OD. Yes, because the project will generate cash flows forever Calculate the IRR The IRR of the project is 31.90% (Round to two decimal places) Erdet your answer in the answer box and then click Check Answer 2 1 part remaining Clear All Check Answer Search for anything o bp