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( Related to Checkpoint 1 1 . 6 ) ( MIRR calculation ) Emily's Soccer Mania is considering building a new plant. This project would

(Related to Checkpoint 11.6)(MIRR calculation) Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $8 million and would generate annual cash inflows of $2.5 million per year for years one through four. In year five the project will require an investment outlay of $4.5 million. During years 6 through 10 the project will provide cash inflows of $4.5 million per year. Calculate the project's MIRR, given a discount rate of 14 percent.
The MIRR of the project with a discount rate of 14% is %.(Round to two decimal places.)
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