Joe Corp. is adding a new assembly line at a cost of $4 million. The firm expects the project to generate cash flows of $1 million, $1 million, $3 million, and $4 million over the next four years. Its cost of capital is 16 percent. What is the MIRR on this project, and should the company add the new assembly line

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Bill Corporation has semiannual bonds outstanding with nine years to maturity that are currently priced at $794.08. If the bonds have a coupon rate of 5 percent, then what is the after-tax cost of debt for Beckham if its marginal tax rate is 27 percent? Complete the calculation as is done on Wall Street.