MIRR unequal lives. Grady Enterprises is looking at two project opportunities for a parcel of land the company currently owns The first project is a restaurant, and the second project is a sports facility. The projected cash flow of the restaurants and cost of $1,400,000 with cash flows over the next six years of $220.000 year one), 5250,000 year two). $350,000 years three through five), and $1.730,000 (years) at which poine Grady plan to sell the restaurant. The sports facility as the following cash flows an initial cost of $2,490,000 with cash flows over the next four yes $390,000 years through three) and 53,040,000 year four), at which point Grady plans to sell the facility. The appropriate discount rate for the restaurant is 11,0% and the appropinate discourt rate for the sports facility 115% What are the MIRRs for the Grady Enterprises projects? What are the MIRRs when you adunt for the lives? Do the MIRR adusted for real lives change the decision based on the MIRRS? Hint Take all cash flows to the same ending period as the longest project