1. A firm has EBIT of $803,900.00. Assume that the firm will pay $289,690.00 in interest in the upcoming year. The firm has a corporate tax rate of 38.00%. The firm has 140,000.00 common shares outstanding.
What is the net income for the firm?
2. MIRR Project K costs $60,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 12%. What is the project's MIRR? Round your answer to two decimal places.