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Find the modified internal rate of return ( MIRR ) for the following series of future cash flows if the company is able to reinvest

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 11.59 percent. The initial outlay is $398,400. Year 1: $194,000; year 2: $161,100; year 3; $132,200; year 4: $175,500; year 5: $199,000. Round the answer to two decimal places.

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