Drinkable Water Systems is analyzing a project with projected cash inflows of $137,400, $189,300, and -$25,000 for years 1 to 3, respectively. The project requires an initial investment of $236,000 and has been assigned a discount rate of 14 percent. Should this project be accepted based on the modified internal rate of return? Why or why not?

		No. The MIRR is 13.48 percent.
		Yes. The MIRR is 13.48 percent.
		No. The MIRR is 11.23 percent.
		Yes. The MIRR is 15.97 percent.
		Yes. The MIRR is 17.85 percent.