Question 2 Not yet answered Marked out of 3.00 P Flag question PART 3 3 Marks JANA company is analyzing a new project. The future estimated cash flows for this project are: Year Project's cash Flows 0 ? 1 600,000 450,000 700,000 -800,000 4 a. Estimate the investment amount (initial outlay), if the payback period is 1. 5 and the discount rate is 15% percent. (0.5 Marks) 2 3 b. Estimate the project's MIRR. (2 Marks) c. Based on the modified internal rate of return recommend if JANA company should accept or reject the considered project. (0.5 Marks)