9. Cash flow patterns and the modified internal rate of return calculation Henderson Manufacturing Inc. is analyzing a project with the following projected cash flows: This project exhibits cash flows. Henderson's desired rate of return is 5,000s. Glven the cash flows expected from the company's new project, compute the project's anticipated modifled internal rate of return (MIRR). (Hint: Round all dollar amounts to the nearest whole dollar, and your final Mik value to fwo decimal place! 7.439b Henderson's desired rate of retum is 8.00\%6. Given the cash flows expected from the company's new project, compute the project's antielpated modified intemal rate of retum (MIRR). (Hint: Round all dollar amounts to the nearest whole doilar, and your final Mank value to two dodmal places.) 7.43% 7.87% 8.74% 10,4990 Henderson's managers are generally conservative, and select projects based solely on the project's modified internal rate of retum (MiRR). Should the company's managers accept this independent project? No Yes You Ve just learned that the analyat who assembled the project's projected cash fiow informaton used incorrect data. Youlve reexamined the source dato and determined that the revised annual cash fiow information should be: Assignment: Chapter 09 Capital Budgeting Techniques Again, if Henderson's desired rate of retum is 8.00%, then the project's revised modified internel rate of retum (MIRR) sheuld be (Hint: Round all dollar amounts to the nearest whole dollar, and your final MiRR value to two decimal places.) If, agein, Henderson's managers continue to exhibit their general conservatism and select their inveitment projects boued only on the project's MaAR, should they accept the project? No y1