Question: Wayne Enterprise is analyzing a project with projected cash inflows of $190,000, $210,000, and -$18,000 for years 1 to 3, respectively. The project costs $300,000
Wayne Enterprise is analyzing a project with projected cash inflows of $190,000, $210,000, and -$18,000 for years 1 to 3, respectively. The project costs $300,000 and has been assigned a discount rate of 17 percent. Should this project be accepted based on the discounting approach to the modified internal rate of return? Why or why not? Select one: A. No; The MIRR is 18.15 percent. B. Yes; The MIRR is 14.35 percent. C. Yes; The MIRR is 18.15 percent. D. No; The MIRR is 21.14 percent. E. Yes; The MIRR is 21.43 percent.
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