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please explain how answer is 39. thank you (Estimated time: 4 minutes) What is the modified internal rate of return (MIRR) for the following project?

please explain how answer is 39. thank you
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(Estimated time: 4 minutes) What is the modified internal rate of return (MIRR) for the following project? The discounting rate is 12%. Click here if you would like to access the formula sheet for Chapter 9 Click here to access the TVM simulated excel file that you can use to get TMV factors. For your answer. Enter in percentage format BUT do not enter the \% symbol. Round to nearest percentage point. Example; if your result is 0.416 then enter 42 ; if your result is 0.2 then enter 20 ; if your result is 0.1134 then enter 11 . Answer: 7.34(39)

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