Using a required rate of return equal to $10$ percent, compute the modified internal rate of return $($MIRR$)$ for a project that costs $$80,000$ and is expected to generate $$34,000,$ $$68,000,$ and

$-$$$11,050,$ 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

be purchased because the MIRR, that is

$\%,$ is

the required rate of return.

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