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Management of Blossom Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $ 2 5 5

Management of Blossom Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $255,550 and will generate cash flows of $97,750 over each of the next six years. If the cost of capital is 102percent, what is the MIRR on this project? (Round intermediate calculations to 4 decimal places, eg.15.1534 and final answer to 2 decimal places, eg.15.52\%. Do not round foctor values.) Show the steps of solving on a financial calculator.

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