MRR unequal lives. Singing Fish Fine Foods has $2,060,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's del section for additional food service. The estimated to tax cash flow of this project is 5640,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated annual after tax cash flow for this project is $510,000 for the next six years. The appropriate discount rate for the dell expansion is 9.6% and the appropriate discount rate for the wine section is 8.8%. What are the MIRRs for the Singing Fish Fine Foods projects? What are the MRR when you adjust for unequal lives? Do the MIRR adjusted for unequal lives change the decision based on MIRRs7 Hint: Take all cash flows to the same ending period as the longest project the appropriate reinvestment rate for the deli expansion is 9.8%, what is the MIRR of the del expansion? % Round to two decimal places)

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