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Marathon Technologies, Inc. is using the modified internal rate of return ( MIRR ) when evaluating projects. The company is able to reinvent cash flows

Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvent cash flows received from the project at an annual rate of 14.25 percent. The initial outlay for the project is $465,600. Find the MIRR for the company's project. The project will produce the following after-tax cash inflows of year 1: $263,300; Year 2: $269,000; year 3: $190,100; Year 4: $219,500. Round the answer to two decimal places in % form.

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