Fuzzy Button Clothing Company is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows are: Year Year 1 Cash Flow $300,000 Year 2 - 175,000 475,000 Year 3 Year 4 475,000 Fuzzy Button Clothing Company's WACC IS 10%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): 19.04% 26.18% 14,75% 0 27.379 this independent project If Fuzzy Button Clothing Company's managers select projects based on the MIRR Criterion, they should Which of the following statements about the relationship between the IRR and the MIRR is correct? A typical firm's IRR will be greater than its MIRR A typical firm's IRR will be equal to its MIRR O A typical firm IRR will be less than its MIRR