MULTIPLE IRRS AND MIRR

A mining company is deciding whether to open a strip mine, which costs $1.5 million. Cash inflows of $14 million would occur at the end of Year 1. The land must be returned to its natural state at a cost of $11 million, payable at the end of Year 2.

1. Should the project be accepted if WACC = 10%?
2. Should the project be accepted if WACC = 20%?
3. What is the project's MIRR at WACC = 10%? Round your answer to two decimal places. Do not round your intermediate calculations.
4. What is the project's MIRR at WACC = 20%? Round your answer to two decimal places.

Does MIRR lead to the same accept/reject decision for this project as the NPV method?

Yes or No?

Does the MIRR method always lead to the same accept/reject decision as NPV? (Hint:Consider mutually exclusive projects that differ in size.)

Yes or No?