Project X has a project with cost of capital of 8 percent, initial cost of $1,000, and annual after-tax cash flow of $450 for 3 years. Cash flow is...

Project X has a project with cost of capital of 8 percent, initial cost of $1,000, and annual after-tax cash flow of $450 for 3 years. Cash flow is reinvested at 8 percent. What are the IRR and MIRR, respectively?

a) 16.65% and 13.47%

b) 13.47% and 16.65%

c) 16.65% and 16.65%

d) 16.65% and 10.52%