1. Project L costs $60,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 14%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations. %
2. How important do you think that the credit unions are to the financial system?
3. If a uses a firm has decided to move from a situation in which it uses a company-wide cost of capital to divisional costs of capital, what problems is it likely to encounter?