Question: Using a required rate of return equal to 8 percent, compute the modified internal rate of return (MIRR) for a project that costs $68,000 and

Using a required rate of return equal to 8 percent, compute the modified internal rate of return (MIRR) for a project that costs $68,000 and is expected to generate $31,000, $62,000, and -$12,550, 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- be purchased because the MIRR, that is %, is -Select- the required rate of return.

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