You are getting ready to get a new project that will incur some cleanup and shutdown costs when it is completed. The project will cost $7,087 upfront and is expected to generate $5,487 per year for four years and then have to spend $987.88 shutdown costs in year 5 to close the project. Assume the cost of capital on this project is 12%.

What is the MIRR (modified internal rate of return) for this project?

Please round your answer to the fourth decimal. If your answer is 1.23%, you should input "0.0123".

Please show work.