Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows are: Year Cash Flow Year 1 $375,000 Year 2 -175,000 Year 3 500,000 Year 4 450,000 Cold Goose Metal Works Inc.'s WACC is 9%, and the project has the same risk as the firm's average project. Calculate this project's modified Interne rate of return (MIRR): 24.21% -13.52% 21.66% 26.75% If Cold Goose Metal Works Inc.'s managers select projects based on the MIRR criterion, they should this independent project