The Dunder Muffin Paper Company is considering purchasing a new stamping machine that costs $400,000. This new machine will produce cash inflows of $150,000 each year at the end of Years 1 through 10. In addition to the cash inflows, at the end of Year 5, there will be a cash outflow of $200,000. The company has a required rate of return of 12 percent. What is the MIRR of the investment?
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