Wiley's Wire Products Is Considering a Project That Has the Following

Multiple Choice

Wiley's Wire Products is considering a project that has the following cash flow and cost of capital (r) data.What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative) , in which case it will be rejected. $$\begin{array} { l c c c c } & \mathrm { r } = 11.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 800 & \$ 350 & \$ 350 & \$ 350\end{array}$$

A) 8.86%
B) 9.84%
C) 10.94%
D) 12.15%
E) 13.50%