8. Cash flow patterns and the modified rate of return calculation Purple Turtle Group is analyzing a project with the following cash flows: This project has cash flows. Purple Turte Group's WACC is 5.50%. What is this project's modified internal rate of return (MIRR). 2.09% 3.09% 1.09% 5.09% Purple Turtle Group's managers select projects based only on the MIRR criterion. Should Purple Turtle Group's managers accept this independent project? 8. Cash flow patterns and the modified rate of return calculation Purple Turtle Group is analyzing a project with the following cash flows: This project has cash flows. Purple Turtle Gri 5.50\%. What is this project's modified internal rate of return (MIRR). 2.09% 3.09% 1.09% 5.09% Purple Turtle Group's managers select projects based only on the MIRR criterion. Should Purple Turtle Group's project? Purple Turtie Group's managers select projects based only on the MIRR criterion. Should Purple Turtle Group's managers accept this independent project? No Yes