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Emily's Soccer Mania is considering building a new plant.This project would require an initial cash outlay of $11 million and would generate annual cash inflows

Emily's Soccer Mania is considering building a new plant.This project would require an initial cash outlay of $11 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 $5.5 million.During years 6 through 10 the project will provide cash inflows of $5.5 million per year.Calculate the project's MIRR, given a discount rate of 9 percent.

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