A company plans to expand operations by building a new factory in Hudson Ohio. The factory requires an initial outlay of $75,000,000 and is expected to generate the following net cash flows over the next 10 years. The project has an expected terminal value of $10,000,000 (included in $35,000,000 CF10 below) The company uses a required rate of return for this project of 10% Note: period 10 includes scrap/terminal value 1 2. 3 4 5 6 7 8 9 10 (18,000,000) 23,000,000 32,000,000 46,000,000 46,000,000 46,000,000 35,000,0 32,000,000 28,000,000 35,000,000 a. 6 What is the projects IRR (Internal Rate of Return) 30.34% b. 27.32% C. 22.06% d 18.10% 7 If the company uses a reinvestment rate of 10%, calculate the Modified IRR a. 30.34% b. 27.32% C. 22.06% d 18.10%