Current Attempt in Progress Bakeries recently purchased equipment at a cost of \$611,500. Management expects the equipment to generate cash flows of $286,250 in each of the next four years. The cost of capital is 17 percent. What is the MIRR for this project? (Round intermediate colculations to 3 decimols e.g. 15.123 and final answer to 1 decimal eg. 15.2\%. Do not round factor values.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) MIRR Chapter 10: The Fundamentals of Capital Budgeting Excel templates for selected problems at end of Chapter 10 One way to return to the contents worksheet is to hold down the CTRL key and simultaneously press and hold down the Page pter 10, Problem 22 Student's Name: Date: Solution method uses the MIRR function/formula. aidelines: - To view guidelines, move mouse pointer over cell with red triangle. Red triangle identifies a cell comment. oblem: Modified internal rate of return (MIRR): Morningside Bakeries recently purchased equipment at a cost of $650,000. Management expects the equipment to generate cash flows of $275,000 in each of the next four years. The cost of capital is 14 percent. What is the MIRR for this project? inknown: MIRR = Modified internal Rate of Return. ssumption(s) Al rates are annual rates with annual compounding. Cost of capital is also the reinvestment rate. Al cash flows are at the end of the year. Chapter 10 , Problem 22 , Alternative solution Student's Name: Solution method uses FV, RRI, and SUM functions/formulas. Guidelines: - To view guidelines, move mouse pointer over cell with red triangle. Red triangle identifies a cell comment. Problem: Modified internal rate of return (MIRR): Morningside Bakeries recently purchased equipment at a cost of $650,000. Management expects the equipment to generate cash flows of $275,000 in each of the next four years. The cost of capital is 14 percent. What is the MIRR for this project? Unknown: MIRR = Modified Internal Rate of Return. Assumption(s) All rates are annual rates with annual compounding. Cost of capital is also the reinvestment rate G