Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $3,000,000. The project's expected cash flows are: Celestial Crane Cosmetics's WACC is 9%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR). 23.25% 17.19% 24.26% -18.52% If Celestial Crane Cosmetics's managers select projects based on the MIRR criterion, they should ______ this independent project. Which of the following statements about the relationship between the IRR and the MIRR is correct? A typical firm's IRR will be equal to its MIRR. A typical firm's IRR will be less than its MIRR. A typical firm's IRR will be greater than its MIRR