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Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $2,750,000. The project's expected cash flows are: Year Cash Flow

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Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $2,750,000. The project's expected cash flows are: Year Cash Flow Year 1 Year 2 $325,000 -175,000 425,000 500,000 Year 3 Year 4 Green Caterpillar Garden Supplies Inc.'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): 17.12% 20.33% -16.61% 18.19% If Green Caterpillar Garden Supplies Inc.'s managers select projects based on the MIRR criterion, they should this independent project

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