You are considering a project that will require an initial outlay of $54,200. This project has an expected life of 5 years and will generate after-tax flows to the company as a whole of $20,608 at the end of each year over its 5-year life. In addition to the $20, 608 cash flow from operations during the fifth and final year, there will be an additional cash outflow of $23,608 at the end of the fifth and final year associated with the removal of environmental waste, making the cash flow in year 5 equal to $-3,000. Given a required rate of return of 15 %

a. Calculate the IRR.

b. Calculate the net present value (NPV).

c. Calculate the MIRR.

d. Based on the answers above, should the project be accepted? Explain.