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TL Lumber is evaluating a project with cash flows of −$12,800, $7,400, $11,600, and −$3,200 for...

TL Lumber is evaluating a project with cash flows of −$12,800, $7,400, $11,600, and −$3,200 for Years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach? 13.25 percent 14.08 percent 15.40 percent 14.36 percent 19.23 percent

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