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Mooradian Corporation estimates that its weighted average cost of capital is 6.4 percent. The company is considering two mutually exclusive projects whose after-tax cash flows

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Mooradian Corporation estimates that its weighted average cost of capital is 6.4 percent. The company is considering two mutually exclusive projects whose after-tax cash flows are as follows: What is the modified internal rate of return (MIRR) of the project with the highest NPV? Should this project be accepted? 31.21%; No 32.21\%:Yes 33.21%; Yes 33.21% :No 31.21%: Yes

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