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Jamaica Corp. is adding a new assembly line at a cost of $4 million. The firm expects the project to generate cash flows of

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Jamaica Corp. is adding a new assembly line at a cost of $4 million. The firm expects the project to generate cash flows of $1.2 million, $1 million, $2.5 million, and $3 million over the next four years. Its cost of capital is 15 percent. What is the MIRR on this project, and should the company add the new assembly line? 22.55%, yes 22.55%, no 26.27%, yes 26.27%, no

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