Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $450,000. The project's expected cash flows are: Year Cash Flow Year 1 $275,000 Year 2 -150,000 Year 3 400,000 Year 4 400,000 Green Caterpillar Garden Supplies Inc.'s WACC is 8%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): 17.51% O 18.49% 19.46% 23.35% they should If Green Caterpillar Garden Supplies Inc. 's managers select projects based on the MIRR criterion, t this independent project. Which of the following statements best describes the difference between the IRR method and the MIRR method? O 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. O The IRR method assumes that cash flows are reinvested at a rate of return equal to the IRR. The MIRR method assumes that cash flows are reinvested at a rate of return equal to the cost of capital. O The IRR 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