The IRR evaluation method assumes that cash flows from the project are reinvested at the same rate equal to the IRR

Consider the following situation: Cold Goose Metal Works Inc. is analyzing a project that requires an initial investment of s2,s00,000. The project's expected cash flows are: Year Cash Flow Year 1 $350,000 Year 2 100,000 Year 3 500,000 Year 4 450,000 Cold Goose Metal works Inc.'s WACC is 9%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR). 29.74% 33.98% 25.49% -13.48%