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Jamaica Corp. is adding a new assembly line at a cost of $ 6 million. The firm expects the project to generate cash flows of

Jamaica Corp. is adding a new assembly line at a cost of $6 million. The firm expects the project to generate cash flows of $1 million, $2 million, $3 million, and $4 million over the next four years. Its cost of capital is 16 percent. What is the MIRR on this project, and should the company add the new assembly line?
18.25%. Yes, the new assembly line should be added.
14.25%. Yes, the new assembly line should be added.
18.25%. No, the new assembly line should NOT be added.
14.25%. No, the new assembly line should NOT be added.
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