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(MIRR) Dunder Mifflin Paper Company is considering purchasing a new stamping machine that costs $400,000. This new machine will produce free cash inflows of $150,000

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(MIRR) Dunder Mifflin Paper Company is considering purchasing a new stamping machine that costs $400,000. This new machine will produce free cash inflows of $150,000 each year at the end of years 1 through 5 , then at the end of year 7 there will be a free cash oufflow of $100,000. The company has a weighted average cost of capital of 14 percent (use this as the reinvestment rate). What is the MIRR of the investment? The MIRR of the investment is \%. (Round to two decimal places.)

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