Question: please show me the work and explain step by step. Make sure is correct. NO EXCEL! a) Calculate the IRR of the following cash flows:
please show me the work and explain step by step. Make sure is correct. NO EXCEL!

a) Calculate the IRR of the following cash flows: $550,000 in year 0 ; $430,000 in year 1;$100,000 in year 2 ; and $200,000 in year 3 . Is the project acceptable if the cost of capital is 10% ? b) Now calculate the MIRR of the same cash flows assuming a reinvestment rate of 12%. Is the project acceptable or not acceptable under this methodology
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