Ingram Electric Products is considering a project that has the following cash flow and WACC data. What is the projects MIRR? Note that a project's projected MRR can be less than the WACC (and even negative), in which case it will be rejected.
WACC 9.50%
Year 0 1 2 3
Cash flow -$800 $350 $350 $350
a. 10.49% b. 9.97%
c. 15.29% d. 12.95%
e. 13.99%