Question 3 (5 points) A project requires an investment of $600.000 today and it is expected to generate after-tax cash flows of $150,000 at the end of year 1. $250,000 at the end of year 2, and $350,000 at the end of year 3. The company's weighted average cost of capital is 10.9% per year. What is the project's annual modified internal rate of retur? OA) 9.4% B B) 11.4% C) 10.6% D) 10.1% E) 9.796