Industrial Automation Co. 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 -150,000 425,000 450,000 Year 3 Year 4 Industrial Automation Co.'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). -21.28% 0-18.62% 0-17.73% -20.39% this If Industrial Automation Co.'s managers select projects based on the MIRR criterion, they should independent project. reject accept