Charles Enterprises got into the drone manufacturing business. They anticipate the following cash flows for their project. Year Costs $ Savings $ 0 50,000 0 1 2 3 4 5 20,000 20,000 20,000 20,000 50,000 35,000 40,000 45,000 50,000 25,000 6 15,000 60,000 The company invests their money at projects that bring them a rate of 18% per year. When they want to take loans, they receive loans with a rate of 12% per year. a) How many possible values of i* could this project have? Why? b) Determine the external rate of return using the MIRR method. Show your steps. Charles Enterprises got into the drone manufacturing business. They anticipate the following cash flows for their project. Year Costs $ Savings $ 0 50,000 0 1 2 3 4 5 20,000 20,000 20,000 20,000 50,000 35,000 40,000 45,000 50,000 25,000 6 15,000 60,000 The company invests their money at projects that bring them a rate of 18% per year. When they want to take loans, they receive loans with a rate of 12% per year. a) How many possible values of i* could this project have? Why? b) Determine the external rate of return using the MIRR method. Show your steps