Tasty Tuna Corporation is analyzing a project with the following cash flows: Year Cash Flow 0 -$779,000 1 $275,000 2 -$600,000 3 $720,000 4 $480,000 This project has cash flows. Tasty Tuna Corporation's WACC is 6.50%. What is this project's modified internal rate of return (MIRR). 2.82% 6.50% 3.82% 4.82% Tasty Tuna Corporation's managers select projects based only on the MIRR criterion. Should Tasty Tuna Corporation's managers accept this independent project? No Yes