Project A, which costs of $1,000 to purchase, will generate net cash inflows equal to $500 at the end of each of the next three years. The project's required rate of return is 10 percent. What are the project's internal rate of return (IRR) and modified internal rate of return (MIRR)?
A. 23.4%; 38.2%
B. 14.5%; 12.6%
C. 23.4%; 18.3%
D. 23.4%; 16.7%
E. 16.7%; 18.3%
Answer: C
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Fill in the blank(s) with the appropriate word(s).
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