Calculate the MIRR given the following cash flows if the appropriate required rate of return is 10% (use this as the reinvestment rate).
YEAR CASH FLOWS
0....... -$ 50,000
1....... 25,000
2....... 25,000
3....... 25,000
4....... - 25,000
5....... 25,000
6....... 25,000
Should the project be accepted?