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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 $1,900,000. Given the

Internal rate of return and modified internal rate of return. Quark Industries has three potential projects, all with an initial cost of $1,900,000. 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?

Cash Flow Project M Project N Project O Year 1 500,000 600,000 1,000,000 Year 2 500,000 600,000 800,000 Year 3 500,000 600,000 600,000 Year 4 500,000 600,000 400,000 Year 5 500,000 600,000 200,000 Discount rate 9% 11% 18%

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