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Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $2,200,000. Given the

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Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $2,200,000. Given the discount rate and the future cash flow of each project in the following table, what are the IRRs and MIRRs of the three projects for Quark Industries? Data Table (Click on the following icon e 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 $600,000 $600,000 $600,000 $600,000 $600,000 7% Project N $700,000 $700.000 $700,000 $700,000 $700,000 13% Project $1,200,000 $1,000,000 $800,000 $600,000 $400,000 15% Print Done

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