Ingram Electric is considering a project with an initial cash outflow of $800,000. This project is expected to have cash inflows of $350,000 per year in years 1, 2, and 3. The company has a WACC of 8.85% which is used as its reinvestment rate. What is the project's modified internal rate of return (MIRR)?

Your answer should be between 11.00 and 13.72, rounded to 2 decimal places, with no special characters.