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A project has projected cash flows of - $ 1 4 8 , 5 0 0 , $ 3 2 , 8 0 0 ,

A project has projected cash flows of -$148,500, $32,800, $64,200,-$7,500 and $87,300 for years 0 to 4, respectively. Should this project be accepted based on the reinvestment approach to the modified internal rate of return. The appropriate discount rate which is also used as the reinvestment rate is 12.6 percent.
A. No; The MIRR is 9.06 percent.
B. No; The MIRR is 10.20 percent.
C. Yes; The MIRR is 9.23 percent.
D. No; The MIRR is 9.23 percent.
E. Yes; The MIRR is 12.54 percent

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