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 $2200,000$

Year $3425,000$

Year $4425,000$

Blue Llama Mining Company$$s WACC is $8\%,$ and the project has the same risk as the firm$$s average project. Calculate this project$$s modified internal rate of return $($MIRR$)$:

$13\mathrm{.}66\%$

$19\mathrm{.}64\%$

$17\mathrm{.}08\%$

$16\mathrm{.}23\%$