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Please explain why answer b is true. In baii plus calculater is perferered. An investor is considering a project that will generate $800,000 per year

image text in transcribed Please explain why answer b is true. In baii plus calculater is perferered.
An investor is considering a project that will generate $800,000 per year for four years. In addition to upfront costs of $1,500,000, at the completion of the project at the end of the fifth year there will be shut -down costs of $500,000. If the cost of capital is 5%, what is the MIRR

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