QUESTION $7$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.

$$WACC:$11\mathrm{.}75\%$Year$0123$Cash flows$-$$$1,000$$$450$$$450$$$45012\mathrm{.}03\%12\mathrm{.}32\%16\mathrm{.}63\%13\mathrm{.}96\%14\mathrm{.}85\%$