An expansion project being considered by your firm has an initial cost of $2,400,000 and expected net cash flows of $570,000 per year for years 1, 2, and 3, and $680,000 per year for years 4, 5, and 6. Assume that the project will be terminated at the end of the sixth year. If your last name begins with the letter A-M, use 10% as the WACC. If you last name begins with N-Z, use 11%. Calculate the Net Present Value (NPV), the Modified Internal Rate of Return (MIRR), the Profitability Index and the Discounted Payback for this project. Should the project be accepted? Why or why not?
Please show calculation if possible