1. A project has an initial cost of $66,350, expected net cash inflows of $14,000 per year for 8 years, and a cost of capital of 11%. What is the project's MIRR? Round your answer to two decimal places.
2. A project has an initial cost of $62,925, expected net cash inflows of $11,000 per year for 9 years, and a cost of capital of 11%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.