1. Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows o $13,000,000 $23,000,000 and $29,000,000 over the next three years. The cost capital is 20 percent what is the MIRR on this project.
2. The economic break-even point focuses on the cash flows or profits from operations rather than after-tax free cash flows associated with the project. True or False?