(MIRR) Star industries owns and operates landfills for several municipoities throughout the Midwestern part of the U.S. Star typicaly contracts with the municipaliy to provide lanctil services for a period of 20 years. The firm then constructs a lined land?a (required by federal law) that has capacily foe five years. The $10.2million expenditure required to construct the nea lanatil nusuts in negative cash flows at the ond of years 5, 10, and 15. This change in sign on the stream of cash flows ever the 20-yaur contadect petod introduces the potontal for multiple IRRs, to Stari management has decided to use the MIRR to evaluate new landfl investment contracts. The annual cash inflows to Star begin in year 1 and extend throcgh year 20 are estmated is equal \$3.5 million (this does not refiect the cost of constructing the landfils every five years) Strr uses a 9.4% discount rate to ovaluate its new propects, so it plans bo discount all the constrection costa evey five years back to year 0 using this rate before colculating the MiRR. a. What are the projects NPN, IRR, and MIRR? b. Is this a good investment opportunily for Star industries? Why or why not? a. The projects NPV where the discount rate is 9.4% is 5 millon. (Round to two decimal places.) The project's IRR is 6. (Round to two decimal places.) The MIRR of the project wah a discoumt rate of 9.4% is W. (Round to two decimal places.) b. Is this a good investment opportunity for Star Industries? Why or why nol? (Seloct the beat choice bilow) B. The project is only worthntile based on the NPV moasure becavse the IRR and the MRR are less than the dicount rale bul he APV ia postive