. Drinkable Water Systems is analyzing a project with projected cash inflows of $127,400,

$209,300, and $46,000 for Years 1 to 3, respectively. The project costs $251,000 and has

been assigned a discount rate of 12.5%. Find MIRR

Crystal Industries is considering an expansion project with cash flows of $287,500,

$107,500, $196,100, $104,500, and $92,700 for Years 0 through 4. Should the firm proceed

with the expansion based on the discounting approach to the modified internal rate of return

if the discount rate is 13.4%?