1. Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 9%, what is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations
2. Why would a young, fast-growing company want to take on a heavy debt load? Why might such a company prefer to carry as little debt as possible?
3. Project L costs $44,404.82, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 13%, what is the project's IRR? Round your answer to two decimal places.