1. Project X will require an initial investment of $10m to be financed with retained earnings. The beta of X is 1, and the expected return on the Market is 10%. The project is expected to produce the following free cash flows: year 1: $2, year 2: $5m, year 3: $1m, year 4: $8m. Establish the NPV and MIRR of the project and indicate whether you would pursue it.