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Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 9%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Project "A" Annual Cash Flows Project "B" ($15,000) 8,000 1 2 ($15,000) 2,000 4,000 6.000 8,000 5,000 3 4,000 1,000 4 Compute the Modified Internal Rate of Return (MIRR) for "A". Show your inputs/work for partial credit. Edit View Insert Format Tools Table The Modified Internal Rate of Return of Project "B"is 9.62%. If Projects "A" and "B" are independent, considering only the MIRR method, which project(s) should Big Company proceed with? Explain your answer. Edit View Insert Format Tools Table 12ptParagraph B IV ATP : O words > 7