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Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. 11.75% WACC: Year Cash flows -$1,000 a. 13.96% b. 14.85% c. 16.63% d. 12.03% e. 12.32% 0 1 $450 $450 $450