A Company, Inc. (ACI) is considering a project with the following projected annual cash flows. ACI has a minimum IRR of 20% for projects of this risk class.

Time	Cash Flow	Blank Colum		Blank Colum
CF0	-150,000
CF1	100,000
CF2	50,000
CF3	60,000
IRR			MIRR

Compute the Internal Rate of Return of the Cash Flows__________________

Would you accept the project based on this IRR? _____________

What is the Net Present Value of the Cash Flows if discounted at the exact IRR that you computed above (assuming your computation is correct)? ________________

ACI has a reinvestment rate of 6%/year. Based on this information, compute the Modified Internal Rate of Return for the project. ______________________ (please use the template above)

Based on the MIRR, would you accept this project? ___________________________