Question 4 (10 points) A project requires an investment of $90,000 today and it is expected to generate after-tax cash flows of $2,500 per month for the next four years. The company's weighted average cost of capital is 10.8% per year. What is the project's annual modified internal rate of return? 1) 13.1% 2) 12.7% 3) 11.3% 4) 11.8% 5) 12.2%