Capitol City Transfer Company is considering building a new terminal in Ssalt Lake City. If the company goes ahead with the project, it must spend $1 million immediately (at t=0) and another $1 million at the end of Year 1 (t=1). It will then receive net cash flows of $0.5 million at the end of Year's 2-5, and it expects to sell the property and net $1 million at the end of year 6. All cash inflows and outflows are after taxes. The company's required rate of return is 12 percent, and it uses the modified IRR criterion for capitol budgeting decisions, What is the project's modified IRR (MIRR)?

I have the a BA II Plus calculator and have the inputs from my instructor...CF0=0, C01=500,000, F01=4, C02=1,000,000, F02=1, C03=1,000,000, C04=, I=12 CPT NPV=1,862,590.65. Why? I can't seem to pull the Why? out of the problem.