Westwood Painting Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected. Answered Year Cash flows r = 12.25% a. 16.56% -$850 $300 2 $320 $340 $360