Question: Problem 12-29 (calculator version) The Caffeine Coffee Company uses the MIRR. The firm has a cost of capital of 12 percent. The project being analyzed

Problem 12-29 (calculator version) The Caffeine Coffee Company uses the MIRR. The firm has a cost of capital of 12 percent. The project being analyzed has a $27.000 initial investment and is expected to produce the following cash flows: Year 1 2 3 Cash Flow $15,000 12,000 9,000 a. What is the MIRR? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) % b. What is the traditional IRR? (Round the final answer to 1 decimal place.) MIRR Traditional IRR %

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