Hi! There are three sections to this. Please help, answer and explain how you did the work! Thanks :)

MIRR and NPV

Your company is considering two mutually exclusive projects, X and Y, whose costs and cash flows are shown below:

Year	X		Y
0	-$5,000		-$5,000
1	1000		4,500
2	1500		1500
3	2000		1000
4	4000		500

The projects are equally risky, and their cost of capital is 14%. You must make a recommendation, and you must base it on the modified IRR (MIRR). Calculate the two projects' MIRRs. Round your answers to two decimal places. Project X % Project Y % Which project has the higher MIRR? X or Y

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Payback, NPV, and MIRR

Your division is considering two investment projects, each of which requires an up-front expenditure of $28 million. You estimate that the cost of capital is 9% and that the investments will produce the following after-tax cash flows (in millions of dollars):

Year	Project A	Project B
1	5	20
2	10	10
3	15	8
4	20	6

1. What is the regular payback period for each of the projects? Round your answers to two decimal places. Project A years Project B years
2. What is the discounted payback period for each of the projects? Round your answers to two decimal places. Project A years Project B years
3. If the two projects are independent and the cost of capital is 9%, which project or projects should the firm undertake? Project A, Project B, or Both
4. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake? Project A, Project B, or Both
5. If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake? Project A or Project B
6. What is the crossover rate? Round your answer to two decimal places. %
7. If the cost of capital is 9%, what is the modified IRR (MIRR) of each project? Round your answers to two decimal places. Project A % Project B %

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Bond Yield and After-Tax Cost of Debt

A company's 7% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $698.44. The company's federal-plus-state tax rate is 30%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC? (Hint: Base your answer on the nominal rate.) Round your answer to two decimal places.

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