Patio Corporation, the largest and the most renowned producer of baby diapers, is considering partnership deals with 2 corporations, Escano Inc. and Aster Company, to expand its operations and to improve its efficiency. The partnership project's start up costs equals 15 Million. Patio Corporation's finest finance executives, Sofia Villarubin, CFA, and Lourdes Bandong. CFA estimates the expected benefits from partnering with the 2 companies. The cash flow forecast after the partnership with the 2 companies are as follows: Forecasts Aster Escano (in Millions) Inc. Company Year 1 12 10 Year 2 15 17 Year 3 14 Year 4 21 18 Year 5 24 27 16 If the company requires 10 percent return on their investments and the projects are mutually exclusive, what is Aster Inc.'s modified intemal rate of return? Round off your answers to 4 decima places 10 points Save Ans Patio Corporation, the largest and the most renowned producer of baby diapers, is considering partnership deals with 2 corporations, Escano Inc. and Aster Company, to expand its operations and to improve its efficiency. The partnership project's start up costs equals 15 Million. Patio Corporation's finest finance executives, Sofia Villarubin, CFA, and Lourdes Bandong CFA estimates the expected benefits from partnering with the 2 companies. The cash flow forecast after the partnership with the 2 companies are as follows: Forecasts Aster Escano (in Millions) Inc. Company Year 1 12 10 Year 2 15 17 Year 3 14 16 Year 4 21 18 Year 5 24 27 If the company requires 10 percent return on their investments and the projects are mutually exclusive. what is Escano Company's internal rate of return? Round off your answers to 4 decimal places