Sunland, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,297,480. Management expects that this will lead to additional cash flows of $1,435,000 for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Sunland go ahead with this project? (Round answer to 4 decimal places, e.g. 5.2516\%.) The IRR of this project is % The firm should the project. Wildhorse Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perform these inspections will cost $607,000 and will generate cash flows of $213,000 over each of the next five years. If the cost of capital is 14 percent, what is the MIRR on this project? (Round final answer to 1 decimal place, e.g. 527.5.) MIRR % Management of Mark Harris, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $346,539. It projects that the cash flows from this investment will be $127,410 for each of the next seven years. If the appropriate discount rate is 14 percent, what is the IRR that Mark Harris management can expect on this project? (Do not round discount factors. Round other intermediate calculations to 0 decimal places e.g. 15 and final answer to 2 decimal places, e.g. 5.25\%.) IRR is %