Green Caterpillar Garden Supplies in sanalyzing project that requires an Inital investment of $550,000. The project's expected cash nows are: Year Year 1 Year 2 Cash Flow $375,000 -175,000 400,000 500,000 Year 3 Year 4 Green Caterpillar Garden Supplies Inc.'s WACC is 7%, and the project has the same risk as the firm's average project. Calculate this project's modified Internal rate of return (MIRR): 21.31% 19.46% 18.53% 20.38% Il Green Caterpillar Garden Supplies Inc.'s managers select projects based on the MIRR criterion, they should this Independent project Which of the following statements best describes the difference between the IRR method and the MIRR method? The TRR method uses the present value of the initial investment to calculate the IRR. The MIRR method uses the terminal value of the initial investment to calculate the MIRR RR method assumes that cash flows The IRR method assumes that cash flows are reinvested at a rate of return equal to the IRR. The are reinvested at a rate of return equal to the cost of capital The IRR method uses only cash inflows to calculate the IRR. The MIRR method uses both cash inflows and cash outflows to calculate the MIRR