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No excel please. Thank you. Cahaba Holding Inc. is looking to invest $220,000 into a new business venture that will yield cash flows of $60,000

No excel please. Thank you.

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Cahaba Holding Inc. is looking to invest $220,000 into a new business venture that will yield cash flows of $60,000 in one year, $100,000 in two years, and $110,000 in three years. Ignoring any tax implications from the project, what is the modified internal rate of return (MIRR) for this project if Cahaba's discount rate is 3%? 12.40% 19.38% 7.94% 15.50% 9.92%

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