Please Show work (4 Points). Scientists working for Green Technology have discovered a new...

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(4 Points). Scientists working for Green Technology have discovered a new use for the chemicals contained in the skin of the rare Canadian Tree Frog. The chemical can be used to fight acne and the preliminary medical results are quite impressive. Green plans on an immediate full scale production and marketing campaign with its lone plant located in Egypt. The cost is expected to be EGP 32 million (Egyptian pound). Green expects to locate and harvest all the frogs it can during a two-year period. The chemicals from the skin can be removed without harming the frogs or affecting their ability to reproduce. Operating cash flows are described below: Year OCF 1 EGP 11 million 2 EGP 13 million 3 EGP 16 million Green is a US-based firm and has a required return on assets of 7.81%. 5A: Determine the modified internal rate of return on this project. 5B: Assuming the exchange rate between the EGP and the USD is a constant USD 0.15/EGP, the NPV of the project can be computed as USD 323,000. State whether the project should be accepted or rejected using the NPV method and explain your reasons in detail. 5C: The IRR of the project is 11.27% Explain the reasons for the difference between the IRR and the MIRR computed in Part A

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