You are considering an investment project with the cash flows of -400 (the initial cash flow), 800 (cash flow at year 1), -200 (cash flow at year 2). Given the discount rate of 10%, compute the Modified Internal Rate of Return (MIRR) using the reinvestment approach.

a. 30.38%

b. 41.52%

c. 70.72%

d. 24.77%