Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC $($and even negative$),$ in which case it will be rejected.

WACC: $7\mathrm{.}75\%$

Year $0123$

Cash flows $-$$$1,000$ $$440$ $$440$ $$440$

a$.15\mathrm{.}36\%$

b$.12\mathrm{.}53\%$

c$.10\mathrm{.}67\%$

d$.9\mathrm{.}70\%$

e$.14\mathrm{.}16\%$