1) A project has an initial cost of $35,725, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of 13%. What is the project's MIRR? Round your answer to two decimal places.
2) A project has an initial cost of $41,225, expected net cash inflows of $12,000 per year for 11 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.