Question: Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $3,000,000. The projects expected cash flows are: Year Cash Flow Year 1

Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $3,000,000. The projects expected cash flows are: Year Cash Flow Year 1 $375,000 Year 2 200,000 Year 3 425,000 Year 4 400,000 Celestial Crane Cosmeticss WACC is 8%, and the project has the same risk as the firms average project. Calculate this projects modified internal rate of return (MIRR)

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