Beaturing is analyzing project with the following how Cashow -11.345.00 $325,000 1990,000 2 * 2 SOLO . 5400.000 8 Blue Elk Manufacturing is analyzing a project with the following cash flows: Year Cash Flow 0 -$1,745,000 1 2 $325,000 $500,000 $600,000 3 $400,000 This project has cash flows. Blue Elk Manufacturing's WACC is 5.50%. Calculate this project's modified internal rate of return (MIRR). 2.09% ry 6.28% 3.09% 2.47% Blue Elk Manufacturing's managers select projects based only on the MIRR criterion. Should Blue Elk Manufacturing's managers accept this independent project? Yes No