Question 7 4 pts Calculate the Modified Internal Rate of Return for the investment 15.06% 13.82% 9.32% 10.78% Quantum Corp. is considering purchasing a new milling machine with a useful life of 6 years. The initial outlay for the machine is $20,000. The required rate of return for Quantum Corp. is 12.75% (WACC). The expected cash flows are as follows: Year After-tax Expected Cash Flow 1 $3.000 2 $4.000 3 $6,000 4 $8,000 5 $8,000 6 -$1,000