You are given the following cash flow information about a project (20 points): - net cash outflow at the end of year 0 is - $600,000 - net cash inflows after tax have been calculated: $150,000 per year for 8 years - This project has an 8-year life and the cost of capital is 10 %

1)By how much will the total value of the company's stock change if they accept this project?

2)Calculate the modified internal rate of return for this project.