Question: Question 4 (1 point) Saved Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is

Question 4 (1 point)

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Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 13.39 percent.The initial outlay is $426,300.

Year 1: $128,700

Year 2: $183,800

Year 3: $159,100

Year 4: $130,000

Year 5: $147,200

Round the answer to two decimal places in percentage form.

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