Q28

O Mooradian Corporation estimates that its weighted average cost of capital is 21.7 percent. The company is considering two mutually exclusive projects whose after-tax cash flows are as follows: Year Project S CF Project LCF 0 -$4,318 -$4,149 1 $4,651 $3,947 2 $1,431 $2,971 3 $1,832 $1,273 $387 ($625) What is the modified internal rate of return (MIRR) of the project with the highest NPV? 4 O 37.03% O 34.03% O 36.03% O 32.03% O 39.03%