Blue Llama Mining Company is analyzing a project that requires an initial investment of $500,000. The project's expected cash flows are: Year Cash Flow Year 1 $300,000 Year 2 -150,000 Year 3 400,000 Year 4 400,000 Blue Llama Mining Company's WACC is 7%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): 14.72% 16.45% 19.05% 17.32% this If Blue Llama Mining Company's managers select projects based on the MIRR criterion, they should independent project. reject accept