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CF0 -50020 CF1 34100 CF2 45600 CF3 35700 CF4 40400 CF5 47000 CF6 23700 Investor's Rate 13 Given the above cash flows and investor's required

CF0

 -50020
CF1 34100
CF2 45600
CF3 35700
CF4 40400
CF5 47000
CF6 23700
Investor's Rate

13

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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