Assume Polaris invested $2.12 million to expand its manufacturing capacity. Assu

Assume Polaris invested $2.12 million to expand its manufacturing capacity. Assume that these projects have a ten-year lifeand that management requires a 10% internalrate of returnon these assets.What is the amount of annualcash flowsthat Polaris must earn from these projects to have a 10% internal rate of return? (Hint: Identify the ten-period 10% factor from the present value of anannuity table and then divide $2.12 million by the factor to get the annual required cash flows.)Assess Polariss most recent annualfinancial statements from its website (polaris.com) or the SECs website (sec.gov).a. Determine the amount that Polaris invested incapital assetsfor that year. (Hint: Refer to the statement of cash flows.)b. Assume a ten-year life and a 10% internal rate of return. What is the amount of cash flows that Polaris must earn on these new projects?