Ivanhoe Bakeries recently purchased equipment at a cost of $505,500. Management expects the equipment to generate cash flows of $256,250 in each of the next four years. The cost of capital is 16 percent. What is the MIRR for this project? (Round intermediate calculations to 3 decimals e.g. 15.123 and final answer to 1 decimal e.g. 15.2%. Do not round factor values.)