Hawkeye Corp has two investment opportunities with the following cash flows and IRRs. Hawkeyes required return on each project is 9%. The projects are not mutually exclusive, so Hawkeye could invest in both projects if it wants to. Which projects should Hawkeye invest in using NPV?

	Year 0	Year 1	Year2
Project A	-$6,000	$1,500	$6,500
Project B	$2,000	-$1,000	-$1,500

Group of answer choices

Both projects A and B

Only project B

Only project A

Neither project

Mass Company is investing in a giant crane. It is expected to cost 6.6 million in initial investment and it is expected to generate an end of year cash flow of 3.0 million each year for three years. Calculate the MIRR for the project if the cost of capital is 12% APR.

Group of answer choices

15.3%

17.3%

23.8%

22.1%