Grey Fox Aviation Company is analyzing a project that requires an initial investment of $2, 750,000. The project's expected cash flows are: Grey Fox Aviation Company'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). 26.48% 21.88% 24.18% -16.47% If Grey Fox Aviation Company's managers select projects based on the MIRR criterion, they should _this independent project. Which of the following statements about the relationship between the IRR and the MIRR is correct? A typical firm's IRR will be greater than its MIRR. A typical firm's IRR will be equal to its MIRR. A typical firm's IRR will be less than its MIRR