Calculate the MIRR given the following cash flows,

YEAR	CASH FLOWS
0	$45,000
1	20,000
2	20,000
3	20,000
4	20,000
5	20,000
6	20,000

, if the appropriate required rate of return is 14 percent (use this as the reinvestment rate). Should the project be accepted?

1. What is the project's MIRR? (Round to two decimal places.)

2. Should the project be accepted?(Select the best choice below.)

A. Yes, the project should be accepted because its MIRR is 16.85%, which is greater than 14%.

B. No, the project should be rejected because its MIRR is 16.85%, which is greater than 14%.

C. No, the project should be rejected because its MIRR is 15.13%, which is greater than 14%.

D. Yes, the project should be accepted because its MIRR is 15.13%, which is greater than 14%