8. Cash flow patterns and the modified rate of return calculation Bohemian Manufacturing Company is analyzing a project with the following cash flows: Year Cash Flow 0 1 2 $636,000 $300,000 $-400,000 $480,000 $320,000 3 4 This project has cash flows. Bohemian Manufacturing Company's WACC is 7.50%. Calculate this project's modified internal rate of return (MIRR). 42.90% 34.32% OOOO 41.90% 44.90% $-400,000 $480,000 $320,000 This project has cash flows. Bohemian Manuf normal pany's WACC is 7.50%. Calculate this project's modified internal rate of return (MIRR). nonnormal O 42.90 34.32% OO 41.90% 44.90% Bohemian Manufacturing Company's managers select projects based only on the MIRR criterion. Should Bohemian Manufacturing Company's managers accept this independent project? Yes o no