please help me figure this out!!

4. Modifled Internal rate of return (MrRA) The IRR evaluation method assumes that cash fors from the project are reinvested at the same rate equal to the 1RR. However, in reality the reinvested cash fows may not necessarily generate a return equal to the IRA. Thus, the mocified IRR approach makes a more reasonable assumption other than the project's 1RR Consider the following situation: Blue Uama Mining Company is analyzing a project that requires an inital investment of $3,225,000. The project's expected cach flows are: Blue Uama Mining Company's WAcC is 7%, and the project has the same risk as the firm's average project. Calculate this project's macified intemal rate af return (MiRRR) 13.74\% 14.51% 17.56% 20.364 If Bive Uama Mining Company's managers select projects besed on the MIRR criterion, they should this independent project. Which of the following statements about the relationship between the IRR ard the MIRR is correct? A typical firm's IRR will be less than its MIRR. A typical firm's 1RR will be greater than its MIRR. A typical firm's 1AR will be equal to its MIRR