part 2:

Project L requires an initial outlay at t = 0 of $70,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 14%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

____ %

part 3:

Project L requires an initial outlay at t = 0 of $46,000, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places.

____ years

part 4:

Project L requires an initial outlay at t = 0 of $70,000, its expected cash inflows are $16,000 per year for 9 years, and its WACC is 13%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places.

_____ years

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S -$1,000 $883.40 $250 $5 $5 Project L -$1,000 $10 $240 $380 $870.12 The company's WACC is 10.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %