Your boss has just handed you the estimated cash flows for a proposed project:

Year	Cash Inflows
0	-$1,968,450
1	$512,496
2	-242,637
3	814,558
4	887,225
5	712,642

Depreciation, salvage values, net working capital requirements, and taxes are all included in these cash flow estimations.

a. Construct an NPV profile using interest rates between 0% and 75% in increments of 5%. Explain the pattern.

b. Assuming a cost of capital of 15.9%, compute the modified internal rate of return. Show all of your work. Given your result, should the project be accepted?