The cash flows below are for a proposed automobile assembly plant in Delaware. Use the MIRR method with a borrowing rate of 8% per year and a reinvestment rate of 12% per year to determine the external rate of return for this project. You must draw a correct net cash flow diagram to get full credit for this problem.

Year 0 1 2 3 4 5 6 7 8 9 10 Capital Costs ($ millions) -12 -300 -300 -200 0 0 0 0 0 0 0 Income ($ millions) 0 0 0 200 300 300 300 300 300 300 300