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Martin Manufacturers is considering a five-year investment that costs ($119,733). The investment will produce cash flows of $49,487 each year for the first two years,

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Martin Manufacturers is considering a five-year investment that costs ($119,733). The investment will produce cash flows of $49,487 each year for the first two years, $42,247 a year for each of the remaining three years. The company has a WACC of 12.7%. What is the MIRR of the investment? O 21.70% O 22.70% O 19.70% O 20.70% O 18.70%

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