The WACC for MKV Corp is 8%. Calculate the NPV and IRR of the following project being considered by MKV Corp (amounts in millions), and would you accept the project? project Initial cost (t=0) Yr 1 Cash Flow Yr 2 Cash Flow Yr 3 Cash Flow Z -10 4 3 12 O NPV= $5.80 million; IRR= 31.81%; Yes accept the project because NPV is positive and IRR is > WACC. O NPV= $4.99 million; IRR=41.09%; No don't accept the project. O NPV= $4.99 million; IRR=41.09%; Yes accept the project because NPV is positive and IRR is > WACC. O NPV=$7.09 million; IRR=4.50%; No don't accept the project because the IRR is less than the WACC. O NPV= $5.80 million; IRR= 7.04%; No don't accept the project because IRR is less than WACC. QUESTION 43 JE Corp is considering the following projects: Project NPV X $1.5 million $2.1 million Assuming that Projects x and y are mutually exclusive, what would be the correct decision if JE Corp's WACC is 10%? IRR 15.93% 13.88% O Both Project x and Project y. O Project y. Neither Project x or Project y. O Project x