The HHH Corp. has a new automated production line project it is considering. Today's cost of the project is $275,000 and is expected to provide after-tax annual cash flows of $73,306 for eight years (the first $73,306 is one year from today). The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a WACC for the firm of 10 percent. What is the project's MIRR? (Select the range in which the correct MIRR falls.) Round only your final answer to two decimal places). less than 12 percent greater than or equal to 12 percent but less than 13.5 percent O greater than or equal to 13.5 percent but less than 15 percent O greater than or equal to 15 percent but less than 16.5 percent O greater than or equal to 16.5 percent. True or False. Preferred stock is favored over common stock as a source of financing because of the tax break a company receives for its usage. O True False TDN Inc. is considering a project that has the following cash flows: Time 0 1 2 3 4 Cash flow ? $5,000 $6,000 $3,000 $4,000 The project has a payback period of 3.75 years. The firm's weighted average cost of capital is 15 percent. What is the project's net present value? (Round final answer to nearest dollar.) -$4,020 0-$927 O $3,222 O-$3,856 Not enough information is provided to answer this