Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $8 million and would generate annual cash inflows of $2.5 million per year for years one through four. In year five the project will require an investment outlay of $4.5 million. During years 6 through 10 the project will provide cash inflows of $4.5 million per year. Calculate the project's MIRR, given a discount rate of 14 percent.

The MIRR of the project with a discount rate of 14% is ____%. (Round to two decimal places.)

(Related to Cheekpoint 11,6) (MIRR calculation) Emily's Socoer Mania is considenng bulding a new plant. This projoct would require an initial cash oritsy of Sos milion and woud generane annual cash inflows of $2.5 million per year for years one through four, In yoar five the project wal require an investment cullay of $4.5 millon. During years 6 threugh 10 the project will frovide cash inflows of $4.5 mition per year. Calculate the projecti MirR, given a discount rate of 14 percent. The MIRR of the project with a discount rate of 14% is 15. (Round to two decima places.)