please provide criteria below and do not use excel to solve

Ehrmann Data Systems is considering a project that has a cost of $255,000 and is expected to provide after-tax annual cash flows of $63,460 for eight years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 8 percent. What is the project's MIRR? Open ended problems must be answered by providing: 1. The formula to be used (if you are using a financial calculator you may the key strokes used) 2. The numbers included in the formula or step by step solution using the financial calculator 3. The final answer rse ed