B.The Modified Internal Rate of Return of Project B is 12.21%. If Projects A and B are independent, considering only the MIRR method, which project(s) should Big Company proceed with? Explain your answer.

C.The Modified Internal Rate of Return of Project B is 12.21%. If Projects A and B are independent, considering only the MIRR method, which project(s) should Big Company proceed with? Explain your answer.

Please answer all and if you could show how you calculated the MIRR through a calculator that would be greatly appreciated!

Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 10%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Project "A" Annual Cash Flows Project "B" W NA O ($30,000) 6,500 9,000 12,000 ($30,000) 16,500 10,500 9,000 4 15,000 3,000 Compute the Modified Internal Rate of Return (MIRR) for "A". Show your inputs/work for partial credit