This project exhibits $\_\text{'}$ cash flows.

Henderson's desired rate of return is $7\mathrm{.}00\%.$ Given the cash flows expected from the company's new project, compute the project's anticipated

modified internal rate of return $($MIRR$).($Hint: Round all dollar amounts to the nearest whole dollar, and your final MIRR value to two decimal places.$)$

$6\mathrm{.}71\%$

$8\mathrm{.}39\%$

$9\mathrm{.}23\%$

$10\mathrm{.}07\%$

Henderson's managers are generally conservative, and select projects based solely on the project's modified internal rate of return $($MIRR$).$ Should

the company's managers accept this independent project?

No

Yes