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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

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: 11.75%

Year 0 1 2 3

Cash flows -$1,000 $450 $450 $450

A. 14.85%

B. 13.96%

C. 12.32%

D. 16.63%

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