Use the following information to answer the next TWO questions. Polk Products is considering an investment project with the following cash flows:

	Year 0	Year 1	Year 2	Year 3
Cashflow	-100	90	-20	30

The companys cost of capital is 10%, and it can get an unlimited amount of capital at that cost.

What is the modified internal rate of return (MIRR) for the Project? PLEASE SHOW WORK AND EXPLAIN, THANKS

Select one:

a. 15.77%

b. 10.00%

c. 11.54%

d. 6.03%

e. 8.54%