Using a required rate of return equal to $14$ percent, compute the modified internal rate of return $($MIRR$)$ for a project that costs $$72,000$ and is expected to generate $$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 $-$Select$-$shouldshould notItem $1$ be purchased because the MIRR, that is $\%,$ is $-$Select$-$greater thanlower thanequal toItem $3$ the required rate of return.