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CF0 -39719 CF1 20400 CF2 32900 CF3 2900 CF4 10400 CF5 37600 CF6 27400 Investor's Rate 10 Given the above cash flows and investor's required

CF0

-39719
CF1 20400
CF2 32900
CF3 2900
CF4 10400
CF5 37600
CF6 27400
Investor's Rate

10

Given the above cash flows and investor's required rate of return, what is the Modified Internal Rate of Return (Financial Manager's Rate of Return)? (Express your answers as XX.XX percent without the %. For example if your calculator says 12.24 then enter that. If you use Excel and your answer in decimal is .1224, enter 12.24)

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