Refer to Exhibit 11-2. What is Project L's MIRR?

a. 15.3%

b. 16.9%

c. 16.5%

d. 17.4%

e. 17.1%

bit 11-2. What is Project L's MIRR? 2 Year 0 1 2 3 Expated Cash Flows Project L Project S ($100 ($100) 10 70 60 50 80 20 cts have a cost of capital of 10%