Using a required rate of return equal to $13$ percent, compute the modified internal rate of return $($MIRR$)$ for a project that costs $$88,000$ and is expected to generate $$40,000,$ $$80,000,$ and $-$$

next three years. Should the project be purchased? Do not round intermediate calculations. Round your answer to two decimal places.

The project $--$Select$-,$ be purchased because the MIRR, that is $,\%,$ is $--$Select$-,$ the required rate of return.