4. What is Robert Montoya's Year 0 net investment outlay on this project? What is the expected nonoperating cash flow when the project is terminated at Year 4? (Hint: Use Table 1 as a guide.) 5. Estimate the project's operating cash flows. (Hint: Again use Table 1 as a guide.) What are the project's NPV, IRR, modified IRR (MIRR), and payback? Should the project be under- taken? [Remember: The MIRR is found in three steps: (1) compound all cash inflows for- ward to the terminal year at the cost of capital. (2) sum the compounded cash inflows to obtain the terminal value of the inflows, and (3) find the discount rate which forces the pre- sent value of the terminal value to equal the present value of the net investment outlays. This discount rate is defined as the MIRR.)