Your firm is considering a project with the following cash flows. The firm has a weighted average cost of capital of 8%. Which of the following statements is true about the firm's project selection using the modified internal rate of return? Year CF 0-$1,000,000 1 $500,000 2 $250,000 3 $400,000 4 $50,000 5-S300,000 The project's MIRR is 4.71%, and the firm should reject the project. The project's MIRR is 3.14%, and the firm should accept the project. The project's MIRR IS - 13.50%, and the firm should reject the project. None of the Above