(Related to Checkpoint 11.6) (MIRR calculation) Emily's Soccer Manis is considering building a now plant. This project would require an initial cash outlay of $11 millon and would generate annual cash inflows of $3.8 milion per year for years one through four. In year five the project will require an investment outlay of $4.2 million. During years 6 through 10 the project will provide cash inflows of $4.2 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 y. (Round to two decimal places.)