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Braun Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive and equally risky. Calculate the MIRR

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Braun Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive and equally risky. Calculate the MIRR for both projects assuming a WACC of 10%. Which project should Braun accept and why? Year: 0 1 2 3 4 CFs: -$1,500 $600 $450 $425 $400 CFL: -$2,500 $900 $850 $825 $800

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