Question: Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $600,000. The project's expected cash flows are: Year Year 1 Year 2

Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $600,000. The project's expected cash flows are: Year Year 1 Year 2 Year 3 Year 4 Cash Flow $275,000 -175,000 400,000 450,000 Celestial Crane Cosmnetics's WACC is 9%, and the project has the same risk as the Tim's average project. Calculate this project's modified internal n of retum (MIRR): 16.26% 10.64% select projects based on the MIRR criterer they should wers Le RR selbou and the MERR methou? si el a fau uf this independent project. RR. The MIA bed to the BR. The MIAR nathad ascotes Wal cault flows IRA. The MIRR methudbe trinal Grade & How Save & Continue

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