What is the Modified Internal Rate of Return MIRR of the above project's annual cash flow, assuming the discount is 9%, and the reinvestment rate is 7%?
Years Cash Flow
0 $(5,000.00)
1 $ 1,000.00
2 $ 2,000.00
3 $(4,000.00)
4 $ 3,000.00
5 $ 6,000.00

a. 9.90%
b. 10.41%
c. 9.43%
d. 9.93%