Consider the following situation: Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of $2,750,000. The project's expected cash flows are: Year Year 1 Year 2 Year 3 Year 4 Cash Flow $300,000 -175,000 500,000 500,000 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 int rate of return (MIRR): 25.29% 24.19% 26.39% 0 -16.13% If Cold Goose Metal Works Inc.'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? accept reject A typical firm's IRR will be greater than its MIRR. A typical firm's IRR will be equal to its MIRR. A typical firm's IRR will be less than its MIRR