Questions A1-A2 are based on the following information You are considering two projects that are independent. Your firm has access to $70,000 only. Cost of capital for both projects is 12%. Project A costs $40,000 and generates cash flows of $9,600 per year for 15 years. Project B costs $60,000 and generates cash flows of $12,000 per year for 15 years. A1. What is the MIRR for Project A? (a) 16.7% (b) 14.34% (c) 12.87% (d) 15.73% 21.98% A2. What is the IRR for Project B? (a) 19.78% (b) 17.85% (c) 24.26% (d) 18.42% (e) 16.94% A3. You have $1,000,000 in investable assets. You desire to form an efficient portfolio that will generate 33% return on your money. RM = 25%, 0 M = .17.EF = 8%?. How can you achieve this? (a) Borrow $979,590 at the rate of 8%. Invest borrowed funds plus your own money into the market portfolio. (b) Allocate your funds evenly across both the market portfolio and the risk free asset. (c) Borrow $1,590,000 at the rate of 8%. Invest borrowed funds plus your own money into the market portfolio. (d) Borrow $1,000,000 at the rate of 8%. Invest borrowed funds plus your own money into the market portfolio. (e) Borrow $470,588 at the rate of 8%. Invest borrowed funds plus your own money into the market portfolio