Watts CoIs Considering a Project That Has the Following Cash Flow

Multiple Choice

Watts Co.is considering a project that has the following cash flow and WACC data.What is the project's MIRR? Note that a project's MIRR can be less than the WACC (and even negative) ,in which case it will be rejected. $\begin{array}{lccccc}\text { WACC: } & 10.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 & 4 \\ \text { Cash flows } & -\$ 850 & \$ 300 & \$ 320 & \$ 340 & \$ 360\end{array}$

A) 14.08%
B) 15.65%
C) 17.21%
D) 18.94%
E) 20.83%