Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.

WACC: 13.00%

Year 0 1 2 3 4

Cash flows -$850 $300 $320 $340 $360

a. 19.57%

b. 13.66%

c. 16.87%

d. 19.40%

e. 20.07%