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Blue Water Systems Is Analyzing a Project with the Following

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Blue Water Systems is analyzing a project with the following cash flows.Should this project be accepted based on the discounting approach to the modified internal rate of return if the discount rate is 14 percent? Why or why not?  Year 0 Cash Flow $236,0001137,4002189,300325,000\begin{array} { c c } \frac { \text { Year } } { 0 } & \frac { \text { Cash Flow } } { - \$ 236,000 } \\1 & 137,400 \\2 & 189,300 \\3 & - 25,000\end{array}

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