Westwood Painting Co A) 1342%
B) 14

Multiple Choice

Westwood Painting Co.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. $$\begin{array} { l c c c c c } & r = 12.25 \% \\\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & - \$ 850 & \$ 300 & \$ 320 & \$ 340 & \$ 360\end{array}$$

A) 13.42%
B) 14.91%
C) 16.56%
D) 18.22%
E) 20.04%