0 1 2 02016 11448 24280 22800 08000 3 4 (i) What are the IRR values for this project? (ii) What would be the MIRR if financing rate is 5% and reinvestment rate is 3%? Explain your answer. (iii) How will you calculate the Profitability Index for this project if the cost of capital is 5%? (b) The article "Theory and Practice of Corporate Finance" says that more senior CEOs tend to use the Payback Period in project selection. What is the explanation for this observation? Under what kind of executive incentives or compensation would you expect CEOs to adopt the Payback criterion