9. Cash flow patterns and the modified rate of return calculation Aa Aa Bohemian Manufacturing Company Inc. is analyzing a project with the following cash flows: Year Year 0 Year 1 Year 2 Year 3 Year 4 Cash Flow -$1,480,000 $350,000 500,000 600,000 $400,000 This project has cash flows. Bohemian Manufacturing Company's WACC is 7.00%. Calculate this project's modified internal rate of return (MIRR) 6.40% 8.40% 7.00% 7.40% Bohemian Manufacturing Company's managers select projects based only on the MIRR criterion. Should Bohemian Manufacturing Company's managers accept this independent project? O No Yes