Fuzzy Button Clothing Company is analyzing a project that requires an initial investment of 600 000 The project s expected cash flows are Year Year 1 Year 2 Cash Flow 300 000 175 000 Year 3 500 000 Year 4 450 000 Fuzzy Button Clothing Company s WACC is 9 and the project has the same risk as the firm s average project Calculate this project s modified internal rate of return MIRR 14 99 15 82 16 65