Find the MIRRs for Projects L and S$.$

MIRR is that discount rate which equates the present value of the terminal value of the inflows, compounded at the cost of capital, to the present value of the costs. The projects' modified IRRs san be solved for by using Excel's MIRR function, by entering the project's cash flows and using the NACC as both the discount rate and the reinvestment rate.

$\backslash$table$[[$MIRR ${?}_L=,16\mathrm{.}5\%$