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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 $1,600,000. Given the
Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $1,600,000. 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? \begin{tabular}{|l|c|c|c|} \hline Cash Flow & Project M & Project N & Project O \\ \hline Year 1 & $400,000 & $500,000 & $900,000 \\ \hline Year 2 & $400,000 & $500,000 & $700,000 \\ \hline Year 3 & $400,000 & $500,000 & $500,000 \\ \hline Year 4 & $400,000 & $500,000 & $300,000 \\ \hline Year 5 & $400,000 & $500,000 & $100,000 \\ \hline Discount rate & 8% & 12% & 17% \\ \hline \end{tabular}
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