The following project is being considered in this year's capital budget. Calculate the NPV, the IRR and the MIRR for the projects and indicate the correct adopt-reject decision. Your firm's cost of capital is 10%.
Cash Flows
YEAR PROJECT 1
0 -34,000
1 17,000
2 15,000
3 13,000
a) NPV__________________
b) IRR_________________
c) MIRR_________________
d) ADOPT-REJECT DECISION_____________________