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Please be descriptive and show all work step-by-step. MIRR A project has an initial cost of $55,000, expected net cash inflows of $15,000 per year

Please be descriptive and show all work step-by-step.

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MIRR A project has an initial cost of $55,000, expected net cash inflows of $15,000 per year for 10 years, and a cost of capital of 13%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. %

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