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Tyrell Corporation is considering a project with the following cash flows (in millions of dollars): Year Project Cash Flow 0 ? 1 $1.0 2 1.5

Tyrell Corporation is considering a project with the following cash flows (in millions of dollars):

Year

Project Cash Flow

0

?

1

$1.0

2

1.5

3

2.0

4

2.5

The project has a payback of exactly 2.0 years. The project's WACC is 12%. What is the project's MIRR?

a.

28.54%

b.

15.57%

c.

38.12%

d.

33.86%

e.

12.50%

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