A project has projected cash flows of $-$$$350,000,$$$32,800,$$$56,250,$$$471,500,$ and $-$$$8,500$ 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 $12\mathrm{.}6$ percent.

No; The MIRR is $12\mathrm{.}00$ percent.

No; The MIRR is $11\mathrm{.}81$ percent.

Yes; The MIRR is $16\mathrm{.}81$ percent.

Yes; The MIRR is $16\mathrm{.}31$ percent.

No; The MIRR is $17\mathrm{.}89$ percent.