Ingram Electric Products Is Considering a Project That Has the Following

Multiple Choice

Ingram Electric Products 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. $$\begin{array} { l c c c c } \text { WACC: } & 7.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 800 & \$ 350 & \$ 350 & \$ 350\end{array}$$

A) 14.93%
B) 10.00%
C) 12.04%
D) 13.97%
E) 9.15%