It is a capital budgeting problem. Assume that XYZ company wants to invest in a new project that needs $2.65 billion (time 0). It is expected that it will give cash flows as given below.

Year 0 Initial Investment	Year 1	Year 2	Year 3	Year 4	Year 5-10	Year 11	Year 12-14	Year 15
2,650 million	0 million	0 million	100 million	200 million	550 million	400 million	200 million	-100 million

Q1: Find the NPV and IRR (or MIRR) of the project. Should you accept the project? Discuss in details why you accept or reject the project. Assume WACC is 10%. Write the formula and the details

Q2: If the firm wants to reduce its WACC (from 10% to 8%), how should the company do it?