Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $2,300,000.

Given the discount rate and the future cash flow of each project, what are the IRRs and MIRRs of the three projects for Quark Industries?

Cash Flow	Project M		Project N		Project O
Year 1	$600,000		$800,000		$1,200,000
Year 2	$600,000		$800,000		$1,000,000
Year 3	$600,000		$800,000		$800,000
Year 4	$600,000		$800,000		$600,000
Year 5	$600,000		$800,000		$400,000
Discount rate	9%		14%		18%

What is the IRR for project M?,N,O

(Round to two decimal places.)

Profitability index. Given the discount rate and the future cash flow of each project listed in the following table, use the PI to determine which projects the company should accept.

Cash Flow	Project U		Project V
Year 0	$2,200,000		$2,600,000
Year 1	$550,000		$1,300,000
Year 2	$550,000		$1,050,000
Year 3	$550,000		$800,000
Year 4	$550,000		$550,000
Year 5	$550,000		$300,000
Discount rate	9%		10%

What is the PI of project U?,V

(Round to two decimal places.)