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16. Crystal Industries has projected cash flows of -$148,500, $32,800, $64,200,-$7,500 and $87,300 for an expansion project under consideration for investment. Should the project be

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16. Crystal Industries has projected cash flows of -$148,500, $32,800, $64,200,-$7,500 and $87,300 for an expansion project under consideration for investment. Should the project be funded if the WACC is 10.5% and the decision is based on the modified internal rate of return? Why or Why Not? (SHOW MIRR CALCULATION) A) Yes; The MIRR is 8.04 percent. B) Yes; The MIRR is 9.23 percent. C) No; The MIRR is 8.04 percent. D) No; The MIRR is 9.06 percent. E) No; The MIRR is 9.23 percent

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