1. The company is considering expanding its facility to increase its production. The initial cost is $10m, and the project is expected to take a period of 5 years. The project is expected to generate a net cashinflows of $1m in year one, year two and three, and $2m, in year four and year five. The weighted average cost of capital is 10% Required,
a) Evaluate the viability of the project using the IRR methods. ​