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Part $1$

Multiple IRRs$$Consider investment projects L through O shown in the table$$ here, and answer the following questions.

a$.$ What is the maximum number of IRRs for each$$ project? Why?

b$.$ Calculate the MIRR to five decimal places for Project L and advise whether the project is acceptable at a cost of capital of $11\%.$

c$.$ Calculate the MIRR to five decimal places for Project M and advise whether the project is acceptable at a cost of capital of $11\%.$