Kit-Kat Inc., a large high quality cat food processor operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $338,738 and is expected to provide after-tax annual cash flows of $93,306 over the project life of 8 years. The firm's management uses the modified IRR approach. You have calculated a project discount rate of 9 percent. What is the project's MIRR?