10-25. (Modified internal rate of return) Alfa Company is considering a new project which requires $300,000 initial investment and an additional $100,000 cash outflow on the last year of the project. The project will last 7 years and will generate $120,000 per year during 4 years and $50,000 on the fifth year. What is the MIRR of the project? The company uses 12 percent as WACC (reinvestment rate)