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Corporation A plans to launch a new project and the financialmanager is considering whether this is a valuable investment forthe corporation. Consider: The initial cost of this project is$197.92, and it offers cash flows in the next 3 years, with anestimated cash flow of $ 50 in the first year, $100 in the secondyear and $150 in the third year. Questions: 1. What is the InternalRate of Return (IRR) of this project? 2. If we require a discountrate (r) of 10%, what is the Net Present Value (NPV) of thisproject? Should we invest into this project or not? Please explainstep by step your calculations in details.Please do not use Excell. I need to be answered this exactlystep by step, by using formulas and simple tables if needed. Thankyou!