Jamaica Corp. is adding a new assembly line at a cost of $$8\mathrm{.}0$ million. The firm expects the project to generate cash flows of $$1\mathrm{.}5$ million, $$3$ million, $$2$ million, and $$3\mathrm{.}5$ milfion over the next four years. Its cost of capital is $16$ percent. What is the project's Modified Internal Rate of return $($MIRR$)$ and should the company add the new assembly line?

$9$ percent, yes

None of these

$11$ percent, yes

$11\mathrm{.}00$ percent, no

$9$ percent, no