Internal rate of return and modified internal rate of return For the project shown in the following table, E calculate the internal rate of return (IRR) and modified internal rate of return (MIRR). If the cost of capital is 12.74%, indicate whether the project is acceptable according to IRR and MIRR. -roject's IRR is o (Round to two decimal places Data table in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) $130,000 Initial investment (CF.) Year (t) 1 2 3 Cash inflows (CFt) $45,000 $45,000 $25,000 $50,000 $20,000 4 5 Print Done The project's IRR is 19.70%. (Round to two decimal places.) If the cost of capital is 12.08% According to IRR you should accept the project. The project's MIRR is 16.33% (Round to two decimal places.) According to MIRR you should accept the project