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Emily ' s Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $ 9 . 5 million

Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $9.5 million and would generate annual cash inflows of $2 million per year for years one through four. In year five the project will require an investment outlay of $4.2 million. During years 6 through 10 the project will provide cash inflows of $4.2 million per year. Calculate the project's MIRR, given a discount rate of 10 percent.

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