JANA company is analyzing a new project. The future estimated cash flows for this project are: Year Project's cash Flows ? 1 2 600,000 450,000 3 4 700,000 -800,000 a. Estimate the investment amount (initial outlay), if the payback period is 1.5 and the discount rate is 15% percent. (0.5 Marks) b. Estimate the project's MIRR. (2 Marks) c. Based on the modified internal rate of return recommend if JANA company should accept or reject the considered project. (0.5 Marks)