Question: 3. Problem 11.03 Click here to read the eBook: Modified Internal Rate of Return (MIRR) MIRR Project L costs $35,000, its expected cash inflows are

3. Problem 11.03 Click here to read the eBook: Modified Internal Rate of Return (MIRR) MIRR Project L costs $35,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 9%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations

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