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Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of $400,000. The project's expected cash flows are: Year Cash Flow

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Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of $400,000. The project's expected cash flows are: Year Cash Flow Year 1 $275,000 Year 2 -200,000 Year 3 475,000 500,000 Year 4 Cold Goose Metal Works Inc.'s WACC is 10%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): O 28.97% O 25.19% O 21.41% O 27.71% If Cold Goose Metal Works Inc.'s managers select projects based on the MIRR criterion, they should this independent project

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