Problem $13-12$ Spreadsheet Problem: MIRR $($LG$13-4)$

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of

this risk class is $12$ percent, and that the maximum allowable payback and discounted payback statistics for your company are $3$ and

$3\mathrm{.}5$ years, respectively.

Use the MIRR decision rule to evaluate this project.

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

MIRR

$\%$

Should it be accepted or rejected?

$($Click to select$)$