(Related to Chockpoint 11.5) (MIRR caleulation) Emilys Soccer Maria is contidering bulding a new plant. This project would recuite an initial cash outtay of $11 million and would generate annual cash inflows of $2.5 milion per year for years one through fout. In yoar fve the project will requiro an investment cutliay of $6 milion. During years 6 through 10 the project will provide cash irflows of $6 millon per year, Caloulate the peojects MirR, given a discount rate of 11 percent. The MiRR of the project with a discount rate of 11% is K. (Round to two decimal places.)