Ehrmann Data Systems Is Considering a Project That Has the Following

Multiple Choice

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. $$\begin{array} { l c c c c } \text { WACC: } & 9.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 1,000 & \$ 450 & \$ 450 & \$ 450\end{array}$$

A) 13.84%
B) 14.53%
C) 17.29%
D) 13.28%
E) 13.70%