A firm is considering an investment project with end-of-year cash flows (both inflows and outflows) as shown below: Year i CEI O (Today) - $100,000 (initial outflow) 1 $58,000 2 $53,950 3 - $10,000 (outflow) 4 $52,625 5 $70,200 The firm's cost of capital k = 10 percent. Calculate the Modified Internal Rate of Return (MIRR) for this project 35% 21.51% 22.22% 1.215%