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D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by

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D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer (i.e. each wrong answer will be penalized by - 1 pt.): [ 4 pts.] A cutting-edge product had the following net cash flow series during its first 5-year period on the market Assuming an investment rate of 21% and a borrowing rate of 10% per year. Which one of the following value is closest to the modified ROR (MIRR)? Year Net Cash Flow ($) Cumulative Cash Flow ($) 0 -50,000 -50,000 1 39,000 - 11,000 2 39,000 28,000 3 - 111,000 --83,000 4 39,000 - 44,000 5 139,000 95,000 Select one: a. 10 b. 25 c. 16 d. 20

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