Please show step by step how to get the answer. Thank you.

Answer: 18.54

Find the Modified internal rate of return (MIRR) for project A costing $12,844 ( if you calculate MIRR of 20.22% enter 20.22 (no % symbol and use at least two decimal places).

assume appropriate cost of capital for project A of the risk level, at this company is 10.64%, and the estimated cash flows of the project is below

Year 1 $4,965

Year 2 $3,804

Year 3 $3,996

Year 4 $5,483

Year 5 $6,517