You've estimated the following cash flows (in $) for a project:

Year	Cash flow
0	-5,400
1	1,125
2	1,848
3	2,540

The required return for the project is the company's cost of capital of 8%.

Part 1

What is the MIRR for the project (using the reinvestment approach)?

Part 2

Should you accept the project?

Yes

No