Your firm is considering a project that will cost $$4\mathrm{.}615$ million up front, generate cash flows of $$3\mathrm{.}52$

million per year for $3$ years, and then have a cleanup and shutdown cost of $$5\mathrm{.}98$ million in the fourth

year.

a$.$ How many IRRs does this project have?

b$.$ Create an NPV profile for this project $($plot the NPV as a function of the discount rate$-$see

the appendix$).($NOTE: students will solve this question part using Excel only. A student response is not

included in MyFinanceLab$).$

c$.$ Given a cost of capital of $9\mathrm{.}9\%$ should this project be accepted?

a$.$ The project has

IRRs. $($Select from the drop$-$down menu.$)$