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Vulcan Materials is considering a new inventory system that will cost $1,125,000. The system is expected to generate positive cash flows over the next four

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Vulcan Materials is considering a new inventory system that will cost $1,125,000. The system is expected to generate positive cash flows over the next four years in the amounts of $550,000 in year one, $450,000 in year two, $275,000 in year three, and $350,000 in year four. Vulcan Materials required rate of return is 10%. What is the modified internal rate of return (MIRR) of this project? O 9.67% O 13.68% O 14.43 % O 17.19%

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