Question $4$

Polk Products is considering an investment project with the following cash flows:

The company's cost of capital is $10\%,$ and it can get an unlimited amount of capital

at that cost. What is the modified internal rate of return $($MIRR$)$ for the project?

$8\mathrm{.}54\%$

$10\mathrm{.}18\%$

$6\mathrm{.}03\%$

$10\mathrm{.}80\%$

$15\mathrm{.}77\%$