3B2:

Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 14.74 percent. The initial outlay for the project is $463,100. Find the MIRR for the companys project. The project will produce the following after-tax cash inflows of

Year 1: $296,500

Year 2: $299,500

Year 3: $149,800

Year 4: $184,200

Round the answer to two decimal places in percentage form.