Next Page Page 4 of 5 This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems. Question 4 (1 point) Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.50 percent. The initial outlay is $491,400. Year 1: $173,500 Year 2: $147.500 Year 3: $126,300 Year 4: $181.200 Year 5: $134,600 Round the answer to two decimal places in percentage form. (Write the percentage sign in The "unit" box) Your