A project has an initial investment of $860,000. If the expected cash inflows from. the project are $500,000 in year 1, 200,000 in year 2, $180,000 in year 3, and $90,000 in year 4. The firm's cost of capital is 12.1%,. What is the project's MODIFIED internal rate of return? Based on this, would you accept the project? O 9.74%, accept because MIRR < cost of capital 9.74%, reject because MIRR < cost of capital 14.53%, accept because MIRR > cost of capital O3.05%, reject because MIRR < cost of capital