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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 13.26 percent.The initial outlay is $314,100. Year 1: $120,000 Year 2: $186,200 Year 3: $166,500 Year 4: $143,600 Year 5: $199,700 Round the answer to two decimal places in percentage form.

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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 13.26 percent.The initial outlay is $314,100.

Year 1: $120,000

Year 2: $186,200

Year 3: $166,500

Year 4: $143,600

Year 5: $199,700

Round the answer to two decimal places in percentage form.

 
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