Home & More is Considering a project with cash flows of -$368,000, $133,500, -$35,600, $244,700 and $258,000 for years 0 to 4, respectively. Should this project be accepted based on the combination approach to the modified internal rate of return if both the discount rate and the reinvestment rate are 14.6 percent? Why or Why not

1. Yes; The MIRR is 14.78 percent
2. Yes; The MIRR is 16.96 percent
3. Yes; The MIRR is 12.91 percent
4. No; The MIRR is 14.78 percent
5. No The MIRR is 16.96 percent