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Find the modified internal rate of return (MIRR) for the following

August 9, 2020/in Feeds /by admin

Find the modified internal rate of return (MIRR) for the following
series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 9.30 percent.The initial outlay is $494,100.
Year 1: $134,000
Year 2: $170,300
Year 3: $138,800
Year 4: $176,800
Year 5: $126,300
Round the answer to two decimal places in percentage form.