Compute the MIRR statistic for Project Iif 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

cash flow:

0 -$11,600

1 $5630

2 $4480

3 $1820

4 $2300

MIRR % ?

Should this project be accepted or rejected?

Thank you!