Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.

Year	ManBearPig Project Cash Flow	Flying Car Cash Flow
0	-$100,000	-$200,000
1	25,000	50,000
2	25,000	50,000
3	50,000	80,000
4	50,000	100,000

What is the ManBearPigs internal rate of return (IRR) at a 12% cost of capital?

	A.	12.7%
	B.	10.0%
	C.	14.6%
	D.	13.0%
	E.	15.9%

Reddington Enterprises is considering the two capital budeting projects with the following cash flows that have a WACC of 11%.

Year	Redd Wine Vineyards	Kaplan Cleaners
0	-200,000	-200,000
1	50,000	175,000
2	125,000	125,000
3	200,000	100,000
4	300,000	75,000

What is the MIRR for Redd Wine Vineyards at its WACC of 11%?

	A.	43.4%
	B.	52.0%
	C.	38.9%
	D.	31.0%
	E.	57.2%