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(Related to Checkpoint 11.5) (MIRR calculation) Emily's Soccer Mania is considering bulding a new plant. This project would require an initial cash outlay of $105

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(Related to Checkpoint 11.5) (MIRR calculation) Emily's Soccer Mania is considering bulding a new plant. This project would require an initial cash outlay of $105 million and would generato annual cash inflows of $3.8 million por year for years one through four. In year five the project will require an investment outlay of $6 million During years 6 through 10 the project will provide cash inflows of $6 million per year Calculate the project's MIRR given a discount rate of 13 percent. The MIRR of the project with a discount rate of 13% 5 % (Round to two decimal places)

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