Question $100(0\mathrm{.}357143$ points$)$

A independent project has projected cash flows of $-$$$65,000,$$$46,000,-$$$2,500,$ and $$53,000$ for Years $0$ to $3,$ respectively. Should this project be accepted based on the reinvestment approach to the modified internal rate of return if both the discount rate and the reinvestment rate are $12$ percent? Why or why not?

Yes; the MIRR is $8\mathrm{.}04$ percent.

Yes; the MIRR is $18\mathrm{.}41$ percent.

No; the MIRR is $11\mathrm{.}08$ percent.

No; the MIRR is $8\mathrm{.}04$ percent.

Yes; the MIRR is $14\mathrm{.}28$ percent.