Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $450,000. The project's expected cash flows are: Celestal Crane Cosmetics's WACC is B%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of retum (MIRR): 23.09% 24.30% 19.44% 27.95% Celestial Crane Cosmetics's WACC is 8%, and the profect has the same risk as the firm's average project, Calculate this project's movified internal rate of retum (MIRR): 23.09524.30%19.44%27.95% If Celestial Crane Cosmetics's managers solect projects based on the MiRR criterion, they should this independent project. Which of the following statements best descibes the difference between the 1 R 8 method and the MIRR method? The inR. method assurwes that cash flows are reimyested at a rate of return equal to the IRR. The MIRR method assumes that cash flows are reinvested at a rate of return equal to the cost of capital. The IRt method uses the present value of the initial inyestment to cakilate the IRR. The MiRR method uses the terminal value of the initial investment to caloulate the MiRR. The IRR method uses only cosh inflows to calculate the IRR. The MIR method uses both cash inflows and cash outflows to calculate the . Milic