Question: Net present value. Quark Industries has four potential projects, all with an initial cost of $2,000,000. The capital budget for the year will allow Quark

 Net present value. Quark Industries has four potential projects, all with

Net present value. Quark Industries has four potential projects, all with an initial cost of $2,000,000. The capital budget for the year will allow Quark to accept only one of the four projects. Given the discount rates and the future cash flows of each project, determine which project Quark should accept. Cash Flow Project 0 Project P Year 1 $ 300,000 Project N $600,000 $600,000 $600,000 $1,000,000 $ 800,000 Year 2 $ 500,000 Project M $500,000 $500,000 $500,000 $500,000 $500,000 6% Year 3 $ 600,000 $ 400,000 $ 700,000 $ 900,000 Year 4 $600,000 $600,000 Year 5 $ 200,000 $ 1,100,000 Discount rate 9% 15% 22% What are the IRR and MIRR for each projects

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