Moannen Inc. is considering a project that has the following cash flow and WACC data.What is the project's MIRR?Note that a project's MIRR can be less than the WACC (and even negative), in which case it should be rejected.

WACC:12.25%

Year01234

Cash flows-$1,700$600$640$680$720

A.

10.12%

B.

12.25%

C.

15.65%

D.

16.56%