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: $11\mathrm{.}75\%$

Year:

$0$

$1$

$2$

$3$

Cash Flows:

$-$$$1,000$

$$450$

$$450$

$$450$

Which option is correct?

a$.13\mathrm{.}96\%$

b$.16\mathrm{.}63\%$

c$.12\mathrm{.}32\%$

d$.12\mathrm{.}03\%$

e$.14\mathrm{.}85\%$