Find the modified internal rate of return (MIRR) for the following series of future cash flows. The company can reinvest the cash flows from the project at an annual rate of 12.04%. The initial outlay is $312,100. Year 1: $161,000 Year 2: $136,500 Year 3: $122,800 Year 4: $132,2001 Year 5: $169,500 Round the answers to two decimal points.