Question 18 (1 point) The Kzoo Pizza Company (KPC) plans to expand with a $308,000 project which will generate incremental after tax cash flows of $82,000 per year for the next 8 years. There will be an environmental clean-up cost (toxic pizza grease) of $110,000 in year 9. The required return is 12 percent and the reinvestment rate is 8 percent. What is the modified internal rate of return (MIRR) using the combination approach? The MIRR cannot be calculated for this problem 11.71% 10.00% 11.18% 18.18% Question 19 (1 point) 4 The Krishna-Swamy Corporation is purchasing a production facility at a cost of $9.6 million. The facility will generate incremental after tax cash flows of $3.2 million per year for the next six years. The required return is 18 percent. What is the net present value, NPV, of this project? $1,432,496 $1.130,271 $1,592,328 $777,713 $406,947