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The Titanic Shipbuilding Company has a noncancelable contract tobuild a small cargo vessel. Construction involves a cash outlay of$268,000 at the end of each of the next two years. At the end ofthe third year the company will receive payment of $620,000. Assumethe IRR of this option exceeds the cost of capital.The company can speed up construction by working an extra shift. Inthis case there will be a cash outlay of $580,000 at the end of thefirst year followed by a cash payment of $620,000 at the end of thesecond year. Use the IRR rule to show the (approximate) range ofopportunity costs of capital at which the company should work theextra shift. (Enter your answers as a percent rounded to 2decimal places. Enter the smallest percent first.)The company should work the extra shift if the cost of capitalis between _______% and _____%.I know the first blank is 22.82%, I just can't figure out thesecond one.