In: Finance
Project Z has a cost of $1.5 million to start up (i.e., at time t=0), and is expected to produce a uniform cash flow stream for 8 years (i.e., the cash flows are expected to be the same in years t=1 through t=8). Project Z’s IRR is 13.5%, while it’s cost of capital is 11.25%. Find project Z’s NPV and its MIRR.
please give a step in detail. do not use excel