Trent's desired rate of return is 7.00%. Given the cash flows expected from the company's new project, compute the project's stipated modified Internal rate of retum (MIRR) (Hint: Round wil dollar amounts to the nearest whole dollar, and your Anal MIRR value to two decimal places O 6.67% 07.09% O 8.34 09.17 Trent'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 You've just leamed that the Analyst who assembled the project's projected cash flow Information used above didn't know his inflows from his outflows. You've reexamined the source data and determined that the revised annual cash now information should be Year 0 1 Cash Flow $998,750 275,000 -300,000 360,000 240,000 2 3 O Yes You've just learned that the analyst who assembled the project's projected cash flow Information used above didn't know his inflows from his outflows. You've reexamined the source data and determined that the revised annual cash Now Information should be: Year 0 1 Cash Flow -$998,750 275,000 -300,000 360,000 240,000 2 4 (Hint: Again, if Trent's desired rate of return is 7.00%, then the project's revised modified internal rate of return (MIRR) should be Round all dollar amounts to the nearest whole dollar, and your final MIRR value to two decimal places.) If, again, Trent's managers continue to exhibit their general conservatism and select their investment projects based only on the project's MIRR, should they accept the project? Yes O No Trent Manufacturing Inc. is analyzing a project with the following projected cash flows: Year Cash Flow 0 -$1,600,000 350,000 1 2 3 550,000 660,000 440,000 4 This project exhibits conventional cash flows