1) A project has an initial cost of $50,000, expected net cash inflows of $15,000 per year for 10 years, and a cost of capital of 8%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.

2) A project has an initial cost of $40,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 10%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.