(MIRR calculation)Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $8million and would generate annual cash inflows of $2.5million per year for years one through four. In year five the project will require an investment outlay of $5.5million. During years 6 through 10 the project will provide cash inflows of $5.5million per year. Calculate the project's MIRR, given a discount rate of 12percet

The MIRR of the project with a discount rate of 12%is