1. Please review the Income Statement and Balance Sheet for the Park Ridge Home Care on pages 394 and 395. Note the change in the Equity Balance between 2011 and 2012. How much is it and where would you find that number on the Income Statement?
2. Project L costs $60,000, its expected cash inflows are $8,000 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.