A) Disposable Containers Corp. (DCC) is considering a large plant expansion/modernization which will cost $98 million initially and another $62 million at the end of year 3. This project is expected to produce incremental after-tax profits of $29 million, $32 million, $26 million, $42 million, $40 million and $31 million to be received at the end of years 1, 2, 3, 4, 5 and 6 respectively. If the WACC is 9%, what is the projects NPV?

B) Is the IRR for DCCs project described in Q2 > or < 9%?

C) Calculate the MIRR for DCCs plant expansion describer in Q2 using the WACC of 9% for both the discount rate for costs and compound rate for after tax returns.