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Innovation Company is thinking about marketing a new softwareproduct. Upfront costs to market and develop the product are $5,300,000. The product is expected to generate profits of $1,400,000 per year for ten years. The company will have to provideproduct support expected to cost $ 95,000 per year in perpetuity.Assume all income and expenses occur at the end of each year.a. What is the NPV of this investment if the cost of capital is4.58 %?? Should the firm undertake the? project? Repeat theanalysis for discount rates of 1.21 % and 20.56 %?,respectively.b. How many IRRs does this investment opportunity? have? ?(Hint: Consider the two alternative discount rates we used in ouranalysis in part? a.)??c. Can the IRR rule be used to evaluate this? investment?Explain.