Green Energy Ltd is considering an investment in renewable energy with the following forecasted details: Initial amount invested is R800,000 and expected residual value is R80,000.

Year	Cashflows	Discount factor
Year 1	R160,000	0.909
Year 2	R230,000	0.826
Year 3	R220,000	0.751
Year 4	R160,000	0.683
Year 5	R150,000	0.621

Assuming that the cost of capital for the company is 15%. The cash flows are after tax and depreciation is charged at R70,000 per year. Tax rate is 27%.

Required: 1.1 Calculate each of the following: 1.1.1 Net Present Value (NPV) 1.1.2 Modified Internal Rate of Return (MIRR)