Amster Corporation has not yet decided on the required rate of return to use in its capital budgeting. This lack of information will prevent Amster from calculating a project's:     Payback Net Present Value Internal Rate of Return A) No No No B) Yes Yes Yes C) No Yes Yes D) No Yes No

I'm not sure if I am doing this correctly, also not sure which ones to choose for the last question.

How can I explain these?

Modified internal rate of return (MIRR) The IRR evaluation method assumes that cash flows from the project are reinvested at the same rate equal to the IRR. However, in reality the reinvested cash flows may not necessarily generate a return equal to the IRR. Thus, the modified IRR approach makes a more reasonable assumption other than the project’s IRR. Consider the following situation: Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $2,225,000. The project’s expected cash flows are: Year Cash Flow Year 1 $350,000 Year 2 –125,000 Year 3 450,000 Year 4 450,000   Green Caterpillar Garden Supplies Inc.’s WACC is 7%, and the project has the same risk as the firm’s average project. Calculate this project’s modified internal rate of return (MIRR): -12.63%   26.46%   30.64%   29.24%     If Green Caterpillar Garden Supplies Inc.’s managers select projects based on the MIRR criterion,…