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Internal rate of return and modified internal rate of return. Lepton Industries has three potential projects, all with an initial cost of $2,100,000. Given the

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Internal rate of return and modified internal rate of return. Lepton Industries has three potential projects, all with an initial cost of $2,100,000. Given the discount rate and the future cash flows of each project, what are the IRRs and MIRRs of the three projects for Lepton Industries? Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Discount rate Project QProject R $500,000 $500,000 $500,000 $500,000 $500,000 $700,000 $700,000 $700,000 $700 000 $700,000 14% Project S $1,100,000 $900,000 $700,000 $500,000 $300,000 18% | 7% What is the IRR for project Q? 196 (Round to two decimal places.) What is the MIRR for project Q? L1% (Round to two decimal places.) What is the IRR for project R? (Round to two decimal places.) What is the MIRR for project R? % (Round to two decimal places.) What is the IRR for project S? [1% (Round to two decimal places.) What is the MIRR for project S? % (Round to two decimal places.)

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