2. (20 pts) The cash flows below are for a proposed automobile assembly plant in Delaware. Use the MIRR method with a borrowing rate of 8% per year and a reinvestment rate of 12% per year to determine the external rate of return for this project. You must draw a correct net cash flow diagram to get full credit for this problem. Year 0 1 2 3 Capital Costs (S millions) -12 -300 -300 -200 Income ($ millions) 0 0 0 200 300 300 300 300 300 300 300 8 9 10 0 0 3. (20 pts) Calculate the payback period for the automobile assembly plant in the previous problem assuming the company wants a 12% per year return on their investment