Your firm is considering a project that will cost $4.548 million up front, generate cash flows of $3.50 million per year for 3 years, and then have a cleanup and shutdown cost of $6.00 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 10.0%.

c.) Using the MIRR and a cost o capital of 10.0%, would you take the project?