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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) $(160) 95 AWN-o 72 95 90 If the project's appropriate discount rate is 11 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.) (Calculating MIRR) OTR Trucking Company runs a fleet of long-haul trucks and has recently expanded into the Midwest, where it has decided to build a maintenance facility. This project will require an initial cash outlay of $20.5 million and will generate annual cash inflows of $3.8 million per year for Years 1 through 3. In Year 4, the project will provide a net negative cash flow of $4.8 million due to anticipated expansion of and repairs to the facility. During Years 5 through 10, the project will provide cash inflows of $2.2 million per year. a. Calculate the project's NPV and IRR where the discount rate is 11.4 percent. Is the project a worthwhile investment based on these two measures? Why or why not? b. Calculate the project's MIRR. Is the project a worthwhile investment based on this measure? Why or why not? million. (Round to two decimal a. The project's NPV where the discount rate is 11.4% is $ places.) (Mutually exclusive projects and NPV) You have been assigned the task of evaluating two mutually exclusive projects with the following projected cash flows: Year Project B Cash Flow $(102,000) ar AwN-o Project A Cash Flow $(102,000) 31,000 31,000 31,000 31,000 31,000 230,000 If the appropriate discount rate on these projects is 12 percent, which would be chosen and why? The NPV of Project A is $ . (Round to the nearest cent.)