Using a required rate of return equal to $10$ percent, compute the modified internal rate of return $($MIRR$)$ for a project that costs $$80,000$ and is expected to generate $$33,000,$ $$66,000,$ and $-$$$10,950,$ respectively, during the next three years. Should the project be purchased? Do not round intermediate calculations. Round your answer to two decimal places.

The project

$-$Select$-($should$,$ should not$)$ be purchase because the MIRR, that is

$\%,$ is

$-$Select$-($greater than, lower than, equal to$)$

the required rate of return.