Question: Jamaica Corp. is adding a new assembly line at a cost of $ 8 million. The firm expects the project to generate cash flows of

Jamaica Corp. is adding a new assembly line at a cost of $8 million. The firm expects the project to generate cash flows of $1 million, $2 million, $3 million, and $4 million over the next four years. Its cost of capital is 12 percent. What is the MIRR on this project and should the project be accepted?
A)9%, reject project
B)11%, reject project
C)13%, accept project
D)14%, accept project.
Jamaica Corp. is adding a new assembly line at a cost

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