Cash Flow Year 11 Year 2 Year 3 Year 4 Year 5 Discount rate Project M $400,000 $400,000 $400,000 $400,000 $400,000 10% Project N $600,000 $600,000 $600,000 $600,000 $600,000 13% Projeci o $900,000 $700.000 $500,000 $300,000 $100.000 16% Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $1,700,000. Given the discount rate and the future cash flow of each project in the following table, what are the IRRs and MIRRs of the three projects for Quark Industries? What is the IRR for project M? % (Round to two decimal places.)