Grey Fox Aviation Company is analyzing a project that requires an initial investment of $$2,500,000.$ The project$$s expected cash flows are:

Cash Flow

Year $1$ $$300,000$

Year $2150,000$

Year $3425,000$

Year $4475,000$

Grey Fox Aviation Company$$s WACC is $8\%,$ and the project has the same risk as the firm$$s average project. Calculate this project$$s modified internal rate of return $($MIRR$)$: