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great lakes clinic has been asked tp orivde exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want

great lakes clinic has been asked tp orivde exclusive healthcare services for next year's World Exposition. Although flattered by the request, the clinic's managers want to conduct a financial analysis of the project. There will be an up
-
front cost of $
1
6
0
,
0
0
0
to get the clinic in operation. Then, a net cash inflow of $
1
million is expected from operations in each of the two years of the exposition. However, the clinic has to pay the organizers of the exposition a fee for the marketing value of the opportunity. This fee, which must be paid at the end of the second year, is $
2
million. A
)
What are the cash flows associated with the project. B
)
What is the project's IRR? C
)
Assuming a project cost of capital of
1
0
percent, what is the project's NPV
?
D
)
What is the project's MIRR?

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