A firm is considering an investment project with end of year cash flows (both inflows and outflows)as shown below:

Year i CFi

0(Today)= -100,000 (outflow)

1 = 58,000

2 =53,950

3 = -10,000(outflow)

4 = 52,625

5 = 70,200

the firm's cost of captial k= 10%

Calculate the Modified Internal Rate of Return (MIRR) for this project.

Aswer choices

a)21.51%

b)22.22%

c)1.215%

d)35%

please pick one of the answer choices and show show work

thanks in advance