Malholtra Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR?

WACC: 7.50%

Year 0 1 2 3 4

Cash flows -$750 $300 $320 $340 $360

Hint: Modified Internal Rate of Return (MIRR) is the discount rate that causes the PV of a projects terminal value (TV) to equal the PV of its costs. TV is found by compounding inflows at WACC.

Group of answer choices

18.28%

19.32%

20.16%

16.21%

17.24%