Question: Company A has a 4-year project under evaluation.The initial cash outflow will be $400,000 with the cost of capital of 12%.The project is expected to

Company A has a 4-year project under evaluation.The initial cash outflow will be $400,000 with the cost of capital of 12%.The project is expected to generate the following cash inflow each year:

Year 1 = $50,000

Year 2 = $87,000

Year 3 = $250,000

Year 4 = $390,000

What is the project's MIRR?Please explain your calculations step by step.

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