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ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $16,000 in the first year, $10,000 in the second

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ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $16,000 in the first year, $10,000 in the second year, and -$5,000 in the third year. The cost of this project is $18,000, and the required return is 12%. What is the modified internal rate of return of this project, using the discounting approach? Multiple Choice O 17.67% O 13.87% 15.23% O O 16.78% O 14.67%

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