Final help finance
February 19th, 2023
Question 4Find 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 14.74 percent. The initial outlay is $398,000. Year 1: $164,500Year 2: $121,300Year 3: $129,400Year 4: $176,200Year 5: $160,300Round the answer to two decimal places in percentage form.