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Emmerson Electric is considering a project that has even cash flows of $350 occurring from year one through year 3. What is the project's MIRR

Emmerson Electric is considering a project that has even cash flows of $350 occurring from year one through year 3. What is the project's MIRR if the initial investment is $800 and the WACC is 9%? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.

a.

14.53%
b.

15.12%
c.

13.50%
d.

12.77%
e.

14.31%

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