Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent.(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project I
Time:	0	1	2	3	4
Cash flow	$12,500	$6,080	$4,930	$2,270	$2,750

MIRR

%

Should the project be accepted or rejected?

	Rejected
	Accepted