nsider the following situation: Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $600,000. The project's expected cash flows are: Year Cash Flow Year 1 $325,000 Year 2 -150,000 Year 3 425,000 450,000 Year 4 Celestial Crane Cosmetics's WACC is 8%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): 15.18% 12.78% 19.18% 15.98% If Celestial Crane Cosmetics's managers select projects based on the MIRR criterion, they should this independent project