Question $93(0\mathrm{.}357143$ points$)$

A project has projected cash flows of $$127,400,$$$209,300,$ and $-$$$46,000$ for Years $1$ to $3,$ respectively. The project costs $$251,000$ and has been assigned a discount rate of $12\mathrm{.}5$ percent. Should this project be accepted based on the discounting approach to the modified internal rate of return? Why or why not?

Yes; the MIRR is $11\mathrm{.}85$ percent.

No; the MIRR is $11\mathrm{.}33$ percent.

Yes; the MIRR is $11\mathrm{.}33$ percent.

No; the MIRR is $11\mathrm{.}68$ percent.

No; the MIRR is $11\mathrm{.}85$ percent.