Cummings Products Company is considering two mutually exclusive investments whose expected net cash flows are as follows:

What is each project's IRR?

Calculate the two projects' NPVs, if you were told that each project's cost of capital was 14%

Calculate the two projects' NPVs, if the cost of capital was 17%

What is each project's MIRR at a cost of capital of 14%? (Hint: Consider Period 7 as the end of Project B's life.)

What is each project's MIRR at a cost of capital of 17%? (Hint: Consider Period 7 as the end of Project B's life.)

EXPECTED NET CASH FLOWS
Year	Project A	Project B
0	-$290	-$400
1	-387	134
2	-193	134
3	-100	134
4	600	134
5	600	134
6	850	134
7	-180	134