13. Stern Associates is considering a project that has the following cash flow data. What is the project's payback? 1 0 -$900 2 $310 $300 3 $320 4 $330 5 $340 Year Cash flows a. 2.30 years 6.3.55 years c. 2.91 years d. 3.46 years e. 2.99 years 14. Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. 1 $300 2 $320 3 $340 4 $360 WACC: 7.50% Year 0 Cash flows -$850 a. 14.64% b. 12.15% c. 16.83% d. 12.73% e. 15.22%