Mass Waste Disposal Inc. is considering the construction of afacility at a cost of $20 million. The project will producepositive cash flows of $7 million per year for the next 4 years butthe 5th and final year will have a net negative cash flow of $5million. If the reinvestment rate is 10% and the cost of capital is9%, the MIRR of this project is ________ and the project should be________. (accepted/rejected) Show all work and explain
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