Lucy Inc. is considering investing in a project which will cost $150,000 today and produce the following after-tax cash flows: year 1$10,000; year 2$50,000; year 3$75,000; year 4$100,000. The risk of the project requires a return of $12%. 1. What is the IRR of this project? Based on IRR rule, should Lucy Inc. take on this project? 2. What is the NPV of this project? Based on NPV rule, should Lucy Inc. take on this project? 3. What is the Profitability Index? Miles, Inc. has the following project to evaluate. The required rate of return is 12%. The cash flows are as follows: year 0$50,000; year 1$10,000; year 2$5,000; year 3$25,000; year 4$30,000 4. Calculate the MIRR of the project. Should Miles take on this project based on MIRR rule? 5. True or False The Crossover rate is the break-even point of the projects