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: $12\mathrm{.}50\%$

Year $0123$

Cash flows $-$$$1,000$ $$400$ $$400$ $$400$

a$.10\mathrm{.}69\%$

b$.6\mathrm{.}67\%$

c$.6\mathrm{.}27\%$

d$.15\mathrm{.}12\%$

e$.11\mathrm{.}88\%$