1. Integrative Case Problem 2: Manufacturing Expansion Decision. ABC Corp is a manufacturing company that is considering expanding its production capacity by investing in new machinery. The initial cost of the machinery is $800,000. The project is expected to generate cash flows of $200,000, $250,000, $300,000, $350,000, $400,000, and $450,000 over the next six years, respectively. The company's cost of capital is 12%. a. Calculate the Internal Rate of Return (IRR) for the expansion project. b. Calculate the Modified Internal Rate of Return (MIRR) assuming a reinvestment rate of 10%. c. Determine the Discounted Payback Period (DPP) for the project, assuming a discount rate of 12%. d. After calculating the metrics, provide a recommendation to ABC Corp's management on whether to proceed with the investment in the manufacturing expansion project, considering the financial implications and the strategic goals of the company.