Mooradian Corporation estimates that its weighted average cost of capital is 11.2 percent. The company is considering two mutually exclusive projects whose after- tax cash flows are as follows: Year Project S CF Project LCF o -$4,766 -$3,095 1 $1,349 $1,478 2 $1,282 $4,656 3 $3,073 $1,005 4 $2,133 $723 What is the modified internal rate of return (MIRR) of the project with the highest NPV? O 34.81% O 35.81% O 30.81% O 32.81% O 33.81% Alyeska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $225,068 and is expected to provide after-tax annual cash flows of $64,757 for five years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 11.4 percent. What is the project's MIRR? 10.55% 12.55% O 9.55% O 11.55% O 13.55%