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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 12.27 percent.The initial outlay is $318,200.

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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 12.27 percent.The initial outlay is $318,200.
Year 1: $152,600
Year 2: $171,800
Year 3: $169,400
Year 4: $181,900
Year 5: $158,500
Round the answer to two decimal places in percentage form.

 
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