Assuming a 10% Cost of Capital, calculate the Modified Internal Rate of Return (MIRR) for both projects. Be sure to show all work, including timelines must be shown for both MIRR calculations. Documents may be attached to this answer.

Project A Project B

Year 0 -$ 700 -$ 800

Year 1 100 300

Year 2 200 300

Year 3 300 200

Year 4 400 150

B) Based on your MIRR analysis, if the projects were mutually exclusive which project would you accept & why?

C) Based on your MIRR analysis, if the projects were independent would you accept project A, B or both & why?