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ACME uses the Modified Internal Rate of Return ( MIRR ) when evaluating projects. $ACME's$ cost of capital is $ 8 . 5 %

ACME uses the Modified Internal Rate of Return (MIRR) when evaluating projects. $ACME's$ cost of capital is $8.5\% $ What is the MIRR of a project if the initial costs are $S4,300,000$ and the project lasts five years, wi each year producing the same after-tax cash inflows of $\$ 1,100,000$ About $8.50\% $ About $8.81\% $ ) About $8.07\% $ ) About $8.67\% $ About $8.24\% $

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