JS Company is considering a proposed project with the following cash flows. Should this project be accepted based on the combined approach to the modified internal rate of return if both the discount rate and the reinvestment rate are 12.6 percent? Why or why not?

Year Cash flow

0 -$148,500

1 32,800

2 64,200

3 -7,500

4 87,300

	a.	Yes; The MIRR is 8.81 percent.
	b.	Yes; The MIRR is 9.23 percent.
	c.	No; The MIRR is 8.81 percent.
	d.	No; The MIRR is 9.06 percent.