Question: 3. Precision Products is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable.

 3. Precision Products is considering Projects S and L, whose cash

3. Precision Products is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. a. Calculate the MIRR of each project. ( 2 points) b. If the decision is made by choosing the project with the higher MIRR, how much value will be foregone? (0.5 point )

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