Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $23,000 the first year, $25,000 the second year, $28,000 the third year, -$8,000 the fourth year, $35,000 the fifth year, $41,000 the sixth year, $44,000 the seventh year, and -$6,000 the eighth year. The project would cost the firm $100,100. If the firm's cost of capital is 13%, what is the modified internal rate of return? 11.52% 11.99% 13.39% 14.20% 14.95%

Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $23,000 the first year, $25,000 the second year, $28,000 the third year, $8,000 the fourth year, $35,000 the fifth year, $41,000 the sixth year, $44,000 the seventh year, and $6,000 the eighth year. The project would cost the firm $100,100. If the firm's cost of capital is 13%, what is the modified internal rate of return? 11.52% 11.99% 13.39% 14.20% 14.95%