[Solution]MIRR calculation: Carraway trucking company runs a fleet

MIRR calculation: Carraway trucking company runs a fleet of long-haul trucks and has recently expanded into the Midwest where it has to decide to build…

MIRR calculation: Carraway trucking company runs a fleet of long-haul trucks and has recently expanded into the Midwest where it has to decide to build a maintenance facility. This project would require an initial outlay of $21million and would generate annual cash inflows of $4.2 million per year for years one through three. In year 4 the project will require an investment outlay of $4.5 million. During years 5 through 10 the project will provide cash inflows of $1.6 million per year.Calculate the projects NPV and IRR where the discount rate is 11.8 percent. It the project a worthwhile investment based on these two measurements? Why or why not? (Already found NPV to be -9.52million and IRR to be -3.58%)Calculate the MIRR where the discount rate is 11.8%. Is the project a worthwhile investment based on this measure? Why or why not? Please round up to two decimal placesAnswer needed for question B alone..

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