Elektrik Entertainment is looking to start a new music venue. They figure it will require an initial investment of $400,000 to open. In the first three years of operation the venue is expected to bring in after-tax net cash flows of $200,000 in year 1, $350,000 in year 2, and $50,000 in year 3. There is a required rate of return of 8% on this investment. What is the IRR and MIRR of the venue over this time period? Assume a reinvestment rate of 8% for the MIRR calculation.