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Internal rate of return and modified internal rate of return Quark Industries has three potential projects, all with an initial cost of $2,400,000 Given the discount rate and the future cash flow of each project in the following table, what are the IRRS and MIRRS of the three projects for Quark Industries? Data table What is the IRR for project M? % (Round to two decimal p (Click on the following icon in order to copy its contents into a spreadsheet) Cash Flow Project M Project N Project O Year 1 $600,000 $800,000 $1,300,000 Year 2 $600,000 $800,000 $1,100,000 Year 3 $600,000 $800,000 $900,000 Year 4 $600,000 $800,000 $700,000 Year 5 $600,000 $800,000 $500,000 Discount rate 7% 12% 15%