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Darin Clay, the CFO of MakeMoney.com, has to decide between the following two projects: The expected rate of return for either of the two projects is 13 percent. What is the range of initial investment (/0) for which Project Billion is more financially attractive than Project Million? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Vince plans to open a self-serve grooming center in a storefront. The grooming equipment will cost $425,000, to be paid immediately. Vince expects aftertax cash inflows of $92,000 annually for eight years, after which he plans to scrap the equipment and retire to the beaches of Nevis. The first cash inflow occurs at the end of the first year. Assume the required return is 12 percent. What is the project's PI? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) Symon's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: a-1. If the required return is 10 percent, what is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for both projects is 11 percent. a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Duo Corporation is evaluating a project with the following cash flows: The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)