Quark Industries has three potential projects, all with an initial cost of

$1,900,000.

Given the discount rate and the future cash flow of each project in the following table,

(Click on the following icon

in order to copy its contents into a spreadsheet.)

Cash Flow	Project M		Project N		Project O
Year 1	$500,000		$600,000		$1,000,000
Year 2	$500,000		$600,000		$800,000
Year 3	$500,000		$600,000		$600,000
Year 4	$500,000		$600,000		$400,000
Year 5	$500,000		$600,000		$200,000
Discount rate	8%		11%		17%

,

what are the IRRs and MIRRs of the three projects for Quark Industries?

Part 1

What is the IRR for project M?

(Round to two decimal places.)

Part 2

What is the MIRR for project M?

(Round to two decimal places.)

Part 3

What is the IRR for project N?

(Round to two decimal places.)

Part 4

What is the MIRR for project N?

(Round to two decimal places.)

Part 5