Questions 14 -20 are based on the following information, Mr. Woodridge, the CEO of Woodstock Wood Chippers.inc believes that the firm could create additional value by adding stump grinders to its product mix. Machinery used in producing the stump prinders would cost $16.500.000. According to Woodridges projections, the subsequent et cash flows the company would generate for the investors if it entered the stump prinder business would be $2,200.000 per year for 12 years. These are the only cash flows expected. The firm's annual weighted average cost of capital for a project of this type is 8.67. QUESTION: What is the stump grinder projects MODIFIED INTERNAL RATE OF RETURN (MIRA A 28.17699 B 8.6377 C00308 0.179313 E43044