LEASE PROVIDED ORIGINAL WORK1800+ WORDS WITH APA FORMAT and EXCEL SPREADSHEET AND 3+ REFERENCESThe President of EEC recently called a meeting to announce that one of the firms largest suppliers of component parts has approached EEC about a possible purchase of the supplier. The President has requested that you and your staff analyze the feasibility of acquiring this supplier. Based on the following information calculate net present value (NPV) internal rate of return (IRR) and payback for the investment opportunity:Answer the following:Prepare a memo to the President of EEC detailing your findings and showing the effects if:(a) EECs cost of capital increases(b) the expected savings are less than $500000 per year(c) EEC must pay more than $2 million for the supplier