14.

a.) A project has annual cash flows of $3,000 for the next 10 years and then $7,500 each year for the following 10 years. The IRR of this 20-year project is 11.36%. If the firm's WACC is 11%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

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b.) Project A requires an initial outlay at t = 0 of $3,000, and its cash flows are the same in Years 1 through 10. Its IRR is 15%, and its WACC is 11%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

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