Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects' after$-$tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have $4-$year lives, and they have risk charact

Problem$2-$ a project has initial cost of $45000$$$,$ expected net cash flow of $9000$$ per year for $6$ years and a cost of capital of $9\%.$ What is the projects MIRR? Round answer tO $2$ decimal places.