Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of $400,000. The projects expected cash flows are: Year Cash Flow Year 1 $325,000 Year 2 200,000 Year 3 500,000 Year 4 425,000 Cold Goose Metal Works Inc.s WACC is 9%, and the project has the same risk as the firms average project. Calculate this projects modified internal rate of return (MIRR):

23.83% 25.08% 20.06% 30.10%