Alyeska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $231,862 and is expected to provide after-tax annual cash flows of $64,958 for five years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 11.4 percent. What is the project's MIRR? 12.45% 11.75% 11.95% 11.55% 12.15%