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Internal rate of return and modified internal rate of return For the project shown in the following table, calculate the internal rate of return (IRR)

Internal rate of return and modified internal rate of return For the project shown in the following table, calculate the internal rate of return (IRR) and modified internal rate of return (MIRR). If the cost of capital is 12.63%, indicate whether the project is acceptable according to IRR and MIRR.

Initial investment

(CF0)

$100,000

Year (t)

Cash inflows

(CFt)

1

$25,000

2

$20,000

3

$25,000

4

$30,000

5

$40,000

(Round to two decimal places.)

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