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Find the modified internal rate of return ( MIRR ) for a proposed project costing $24,601. Assume that the appropriate cost of capital for projects

Find the modified internal rate of return (MIRR) for a proposed project costing $24,601. Assume that the appropriate cost of capital for projects of this risk level, at this company is 15.35%, and the estimated cash flows for the life of the project are found in the table below. (If you calculate an MIRR of 20.22%, please enter 20.22 - do not include the % symbol, and use at least two decimal places).

Year 1 Year 2 Year 3 Year 4 Year 5
$4,456 $8,272 $5,580 $10,315 $5,742

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