TL Lumber is evaluating a project with cash flows of -$12,800, $7,400, $11,600, and -$3,200 for years 0 to 3, respectively. Given an interest rate of 8 percent, what is the modified internal rate of return (MIRR)?

A) 11.32 percent

B) 15.40 percent

C) 14.36 percent

D) 14.08 percent

E) 13.25 percent