Internal rate of return and modified internal rate of return.

Quark Industries has three potential projects, all with an initial cost of $2,400,000.

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 M N O Year 1 $600,000 $800,000 $1,300,000 Year 2 $600,000 $800,000 $1,100,000 Year 3 $600,000 $800,000 $900,000 Year 4 $600,000 $800,000 $700,000 Year 5 $600,000 $800,000 $500,000

Disco rate 7% 13% 17%

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

What is the MRR for project M? N? O?

(Round to two decimal places.)