9-11B. (M1RR calculation) Artie's Soccer Stuff is considering building a new plant. This plant would require an initial cash outlay of $8 million and will generate annual free cash inflows of

$2 million per year for eight years. Calculate the project's MIRR given:

a. A required rate of return of 10 percent

b. A required rate of return of 12 percent

c. A required rate of return of 14 percent