Question: Using a required rate of return equal to 8 percent, compute the modified internal rate of return (MIRR) for a project that costs $84,000 and

Using a required rate of return equal to 8 percent, compute the modified internal rate of return (MIRR) for a project that costs $84,000 and is expected to generate $36,000, $72,000, and -$10,150, 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 or should not be purchased because the MIRR, that is %, is -Select-greater than or lower than or equal to the required rate of return.

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