Q$15.$The director of the capital budgeting for Giant Inc. has identified two mutually exclusive projects, L and S$,$ with the following expected net cash flows:

Year Project L Project S

$0-$$$100-$$$100$

$11070$

$26050$

$38020$

Both projects have a cost of capital of $12$ percent. What is Project L$\text{'}$s MIRR?

$14\mathrm{.}30\%$

$16\mathrm{.}90\%$

$17\mathrm{.}90\%$

$17\mathrm{.}81\%$

$15\mathrm{.}55\%$