Medieval Travels has a required rate of return of 14 percent. They are considering an investment in another private train car that would allow them to double their capacity. Below are the cash flows from the proposed project. Year Cash Flows 0 ($25,000) CF1 $12,000 CF2 $15,000 CF3 $11,000

a. What is the project's net present value (NPV)?

b. What is the project's internal rate of return (IRR)?

c. What is the MIRR @ 14%