13. Nast Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. If the decision is made by choosing the project with the higher MIRR rather than the one with the higher NPV, how much value will be forgone? Note that under some conditions choosing projects on the basis of the MIRR will cause $0.00 value to be lost. * WACC: 8.75% Year CFs 0 -$1,100 -$2.200 1 $375 $725 2 $375 $725 3 $375 $725 4 $375 $725 CFL O a. $32.12 b. $35.33 c. $38.87 d. $40.15 e. None of the above 12. Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. * WACC: 10.00% Year Cash flows 0 $1,000 1 $450 2 $450 3 $450 a. 9.32% O b. 10.35% c. 11.50% d. 14.20% O e. None of the above 11. Project A has a 10 percent cost of capital and the following cash flows: Year 0 1 Project A Cash Flow -$300 100 150 200 50 What is Project A's discounted payback? O a. 2.25 years O b. 2.36 years O c. 2.43 years O d. 2.57 years e. None of the above