Dry$-$Sand Company is considering investing in a new project. The project will need an initial investment of $$1,230,000$ and will generate $$625,000($after$-$tax$)$ cash flows for three years. However, at the end of the fourth year, the project will generate $$$$525,000$ of after$-$tax cash flow due to dismantling costs. Calculate the MIRR $($modified internal rate of return$)$ for the project if the cost of capital is $15$ percent. The reinvestment rate is $12$ percent.