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:	9.75%
Year	0	1	2	3
Cash flows	-$1,000	$450	$450	$450

Group of answer choices

17.22%

10.72%

15.81%

15.52%

14.11%

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first cash flow is negative 1000