Question Help MIRR unequal lives Grady Enterprises is looking at two project opportunities for a parcel of land the company currently owns The first project is a restaurant, and the second project is a sports facility. The projected cash flow of the restaurant is an initial cost of $1.440,000 with cash flows over the next six years of $170,000 (year one), 5260.000 (year two), S260,000 years three through five) and 51.720,000 year six), at which point Grady plans to sell the restaurant The sports facility has the following cash flows an initial cost of $2.340,000 with cash flows over the next four years of $370,000 years one through three) and 53,040,000 year four), at which point Grady plans to sell the facility. The appropriate discount rate for the restaurant is 100% and the appropriate discount rate for the sports facility is 12.0% What are the MIRRs for the Grady Enterprises projects What are the MIRRs when you adjust for the unequal lives? Do the MIRR adjusted for unoqual lives change the decision based on the MIRRS? Hint Take all cash flows to the same ending period as the longest project If the appropriate reinvestment rate for the restaurant is 100%, what is the MIRR of the restaurant project? (Round to two decimal places) Enter your answer in the answer box and then click Check Answer 6 pars remaining