9-13 (similar to) Internal rate of return and modified internal rate of return Quark Industries has three potential projects, all with an cash flow of each project, what are the IRRs and MIRRs of the three projedts for Quark Industries? initial cost of $1,500,000 Given the discount rate and the tuture Cash Flow Year 1 Year 2 Year Project M Project NProject O $500,000 5500,000 $500,000 $400,0008540 000$400,000 $500,000 13% $400,000 $400,000 $400,000 $600,000 3 Year 4 Year 5 Discount rate $400,000 9% $200,000 S0 What is the IRR for project M? 1041% (Round to two decimal places) What is the MIRR for project M? (Round to two decimal places.)