Edelman Electric Systems Is Considering a Project That Has the Following

Multiple Choice

Edelman Electric 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. $\begin{array}{lcccc}\text { WACC: } & 10.00 \% \\\text { Year: } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows: } & -\$ 800 & \$ 350 & \$ 350 & \$ 350\end{array}$

A) 9.58%
B) 10.64%
C) 11.82%
D) 13.14%