Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. WACC: 12.25% Year Cash flows 0 -$850 1 $300 $ 3 2 $320 4 $360 $340 13.42% 14.91% 16.56% 18.22% O 20.04% A firm is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO wants to use the IRR criterion, while the CFO favors the NPV method. You were hired to advise the firm on the best procedure. If the wrong decision criterion is used, how much potential value would the firm lose? 6.00% WACC: Year CF3 CEL 0 -$1,025 -$2,150 1 $380 $765 2 $380 $765 3 $380 $765 4 $380 $765 $188.68 $198.61 $209.07 $219.52 $230.49 What does a project's net present value (NPV) mean or tell you? The present value of only the project's future expected cash flows. The increase in the company's wealth or value if the project is accepted. The cost of the project The project's expected return