Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $550,000. The projedt's expected cash flows are: Year Cash Flo Year 1 $275,000 Year 2-200,000 Year 3 450,000 Year 4 450,000 Ceiestial Crane Cosmetics's WACC is 10%, and the project has the same risk as the fim's average projedt. Calaulate this project's modified internal rate of retun (MIRR): o 19.62% 18.80% 16.35% O 17.1796 If Celestial Crane Cosmetics's managers select projects based on the MIRR cniterion, they should independent projedt this Which of the following statements best describes the difference between the IRR method and the MIRR method? O The IRR method uses the present value of the initial investment to calculate the IRR. The MIRR method uses MTRR 0 Type here to search