Sony Corporation has invested $ 5.1 million in developing super-thin TVs based on new organic light-emitting diode technology. The company plans to market the OLED TVs in an 11-inch size and produce 24,000 units for the first five years. The annual production and operating cost is estimated at $225 per unit and will be sold at $275 per unit. Determine the IRR for the investment if the study period is five years. The company MARR is 5% per year.

Moon flower cosmetics company executives are aware that their asian customer base is interested in advanced skin care treatments beyond moon flower's traditional herbal and organic compounds. moon flower and a large american chemical company are in discussions to create a 50-50 partnership in a new firm, which would create skin care treatments based on innovative chemical formulations that would be marketed both in asia and in the united states. beyond being a cross-border alliance, this partnership can be called a(n)a. nonequity strategic alliance.b. joint venture.c. horizontal complementary alliance.d. equity strategic alliance.