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Compute the MIRR statistic for Project J if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations. Round your final answer

Compute the MIRR statistic for Project J if the appropriate cost of capital is 8 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project J
Time: 0 1 2 3 4 5
Cash flow $1,200 $410 $1,580 $540 $360 $120

MIRR %

Should the project be accepted or rejected?
Rejected
Accepted

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