8. Cash flow patterns and the modified rate of return calculation Tasty Tuna Corporation is analyzing a project with the following cash flows: Year Cash Flow -$1,720,000 $300,000 W NA $500,000 $600,000 $400,000 This project has cash flows. a) normal b) non normal Tasty Tuna Corporation's WACC is 5.00%. Calculate this project's modified internal rate of return (MIRR). 0 4.90% 0 2.90% 0 5.89% 0 2.32% Tasty Tuna Corporation's managers select projects based only on the MIRR criterion. Should Tasty Tuna Corporation's managers accept this independent project? O No o Yes