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2) Santa Claus recently purchased a rare albino barracuda by the Largo Wild Fish Nursery. Santa will likely lease the barracuda to NASA for research.

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2) Santa Claus recently purchased a rare albino barracuda by the Largo Wild Fish Nursery. Santa will likely lease the barracuda to NASA for research. Santa expects to generate operating cash flows of $2 million for two consecutive years and then $3 million for two more subsequent years by pulling the fish's teeth and selling them. Determine the terminal value of these fish if the weighted average borrowing cost is 9%, the modified internal rate of return is 10%, and the internal rate of return is 11%

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