Another data systems is considering a project that has the following cash flows and WACC data. What is the projects MIRR? Note that a projects MIRR can be less than the WACC, in which case it will be rejected. WACC=10%, Year 0=cash flow -$1,000, Year 1= cash flow $450, year 2=cash flow $450, Year 3=cash flow $450.
- 9.32%
- 10.35%
- 11.50%
- 12.78%
- 14.20%