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Computer Consultants Inc. is considering a project that has the following cash flow and WACC data. Please answer the following two questions. a. Can IRR

Computer Consultants Inc. is considering a project that has the following cash flow and WACC data. Please answer the following two questions.

a. Can IRR be used in decision making? Why or why not?

b. What is the project's NPV and MIRR? Should this project be accepted?

WACC: 12%

Year 0 = Cash Flow = -620

Year 1 Cash Flow = $500

Year 2 Cash Flow = -$220

Year 3 Cash flows = $700

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