Jamaica Corp. is adding a new assembly line at a cost of $9 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 16 percent. What is the MIRR on this project? (Round to the nearest percent.) A. 17% B. 18% C. 19% D. 20%

When conducting capital budgeting analysis for independent projects, you should reject the project when: A. NPV > 0

B. IRR > WACC C. Payback period > cut-off period D. MIRR > WACC