1 Izmir Estate is evaluating a new project. The initial investment required is $80,556,660.83 and the cost of capital is 5%. Expected cash llows over the next four years are given below: Years Cash Flow (S) 10,800,000 50,000,000 44,587.400 10,000,000 What is the MIRR of the project 2 3 4 12.19 LLNG 11.394 10.69 10.4%