Find the modified internal rate of return $($MIRR$)$ for the following series of future

cash flows if the company is able to reinvest cash flows received from the project at

an annual rate of $11\mathrm{.}60$ percent.The initial outlay is $$409,700.$

Year $1$: $$126,200$

Year $2$: $$197,700$

Year $3$: $$144,100$

Year $4$: $$143,600$

Year $5$: $$188,300$

Round the answer to two decimal places in percentage form. $($Whie the percendage sign in the "units" box$)$

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