Compute the MIRR for Project Y and Accept or Reject

Multiple Choice

Compute the MIRR for Project Y and accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 12 percent.
$$\begin{array} { | l | c | c | c | c | c | c | } \hline \text { Time: } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Cash flow: } & - 5,000 & 1,000 & 1,000 & 0 & 2,000 & 2,000 \\\hline\end{array}$$

A) 7.62 percent, accept
B) 7.62 percent, reject
C) 47.09 percent, accept
D) 47.09 percent, reject