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Miller and Sons is evaluating a project with the following cash flows: Year Cash Flow ($) 0 -9,858 1 2,165 2 3,487 3 3,614 4

Miller and Sons is evaluating a project with the following cash flows: Year Cash Flow ($) 0 -9,858 1 2,165 2 3,487 3 3,614 4 4,157 5 -1,107 The company uses a 7.06 percent interest rate on all of its projects. Using the MIRR reinvestment approach, should the project be accepted? Answer 2 if Yes, 1 if No

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