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Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's

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Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. WACC: Year 13.75% 0 -$1,000 1 2 3 Cash flows $470 $470 $470 a. 12.13% b. 13.67% c. 22.42% d. 17.27% e. 20.43%

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