(Calculating MIRR) OTR Trucking Company runs a fleet of long-haul trucks and has recently expanded into the Midwest, where it has decided to build a maintenance facility. This project will require an initial cash outlay of $21million and will generate annual cash inflows of $4.8million per year for Years 1 through 3. In Year 4, the project will provide a net negative cash flow of $5.8million due to anticipated expansion of and repairs to the facility. During Years 5 through 10, the project will provide cash inflows of $1.4 million per year.a. Calculate the project's NPV and IRR where the discount rate is 11.6 percent. Is the project a worthwhile investment based on these two measures? Why or why not?

b. Calculate the project's MIRR. Is the project a worthwhile investment based on this measure? Why or why not?

a. The project's NPV where the discount rate is11.6 is $___million.(Round to two decimal places.)

(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows:

Year	Project Cash Flow
0	?
1	$750,000
2	360,000
3	250,000
4	510,000

If you know that the project has a regular payback of 2.7years, what is the project's IRR?

The IRR of the project is ___%.

(Round to two decimal places.)