Homework: Chapter 9 Homework Question 6, P9-13 (similar to) Part 1 of 6 HW Score: 48.15%, 4.33 of 9 points O Points: 0 of 1 Save Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $1,700,000. Given the discount rate and the future cash flow of each project in the following table. B. what are the IRRs and MIRRs of the three projects for Quark Industries? What is the IRR for project M? % (Round to two decimal places.) - X Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Discount rate Project M $400,000 $400.000 $400,000 $400,000 $400,000 $ 10% Project N $600,000 $600,000 $600,000 $600,000 $600,000 11% Project $900,000 $700,000 $500,000 $300,000 $100,000 16% Print 1 Done