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 $1$ $$300,000$

Year $2150,000$

Year $3500,000$

Year $4500,000$

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$)$:

$28\mathrm{.}67\%$

$31\mathrm{.}27\%$

$26\mathrm{.}06\%$

$27\mathrm{.}36\%$