7. MIRR unequal lives. Singing Fish Fine Foods has $1,800,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's deli section for additional fcod service. The estimated after-tax cash flow of this project is $560,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated anual atfer-tax cash flow for this project is 20 00 for the next six years The appropr e discount ate or the deli e pansion s 9 % and the app priate disc unt ate for the ne se ton is 9 what nthe MIRRs for the Singing Fish Fine Foods projects? What are the MIRRs when you adjust for unequal lives? Do the MIRR adjusted for unequal lives change the decision based on MRRs? Hint: Take all cash fiows to the same ending period as the longest project lf the appropriate rninvestment rate for the deli expansion is g 7%, what is tho MIRR of the deli expansion? % (Round to two de mal places) if the appropriate reinvestment rate for the wre section is 9.2%, what is the MIRR of the wine section? % (Round to two decimal places.) Based on the MIRR, Singing Fish Fine Foods should pick the(1) What is the MIRR adjusted for unequal ives of the deli expansion? % (Round to two decimal places) What is the MIRR adjusted for unequal lives of the wine section? % (Round to two decimal places.) project. (Select from the drop-down menu.) Based on the adjusted MIRR, Sngng Fish Fine Foods should pick the (2) Does the decision change? (3) (1) O wine section 2) O wine section (3) O Yes project (Select from, the dropdown menu) Select from the drop-down menu) O del