8.find the modified internal rate of return (MIRR) for the following series of cash flows. the company can reinvest the cash flows from the project at an annual rate of 5%. the initial outlay for the project is $450,000.the project will produce the following after-tax cash inflows of

Year 1:159,000

Year 2: 133,000

Year 3: 193,000

Year 4: 156,000

9. Find the modified internal rate of return (MIRR) for the following series of future cash flows. The company can reinvest the cash flows from the project at an annual rate of 5%. The initial outlay is $450,200

Year 1: 181,000

Year 2: 125,600

Year 3: 196,460

Year 4: 185,000

Year 5: 144,600