Your firm is considering a project that will cost $$4\mathrm{.}569$ million up front, generate cash flows of $$3\mathrm{.}51$ million per year for $3$ years, and then have a cleanup and shutdown cost of $$6\mathrm{.}02$ 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 $10\mathrm{.}5\%.$

c$.$ Using the MIRR and a cost of capital of $10\mathrm{.}5\%,$ would you take the project?

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

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