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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 cash flows

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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 cash flows received from the project at an annual rate of 11.99 percent. The initial outlay is $471, 400. Year 1: $139,000 Year 2: $147, 500 Year 3: $157, 600 Year 4: $169, 900 Year 5: $137, 100 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: _____________

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