Your firm is considering a project that will cost $\backslash (\backslash$$ $4\mathrm{.}61\backslash )$ million up front, generate cash flows of $\backslash (\backslash$$ $3\mathrm{.}51\backslash )$ million per year for $3$ years, and then have a cleanup and shutdown cost of $\backslash (\backslash$$ $5\mathrm{.}96\backslash )$ million in the fourth year.

a$.$ How many IRRs does this project have?

b$.$ Calculate a modified IRR for this project assuming a discount and compounding rate of $\backslash (9\mathrm{.}6\backslash \%\backslash ).$

c$.$ Using the MIRR and a cost of capital of $\backslash (9\mathrm{.}6\backslash \%\backslash ),$ would you take the project?

a$.$ How many IRRs does this project have?

The project has IRRs. $($Select from the drop$-$down menu.$)$

b$.$ Calculate a modified IRR for this project assuming a discount and compounding rate of $\backslash (9\mathrm{.}6\backslash \%\backslash ).$

The MIRR for this project is $\backslash (\backslash \%\backslash ).($Round to two decimal places.$)$