QUESTION II )Smith is considering an investment of Sh. 320,000 in a startup. The cost of capital for the investment is 12%. Following cash flows are expected: Year 0 1 70,000 CF (Sh.) Calculate MIRR for (220,000) the proposed 2 3 185,000 120,000 investment and advise accordingly.

Smith is considering an investment of Sh. 320,000 in a startup. The cost of capital for the investment is \12. Following cash flows are expected: \\( \\begin{array}{lllll}\\text { Year } & 0 & 1 & 2 & 3 \\\\ \\text { CF (Sh.) } & (220,000) & 70,000 & 120,000 & 185,000\\end{array} \\) Calculate MIRR for the proposed investment and advise accordingly