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(Related to Chockpoint 11.6) (MiRR calculation) Emegs Soccer Mania is considoring bulding a new plant. This project would require an initial cash outiay of $9.5

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(Related to Chockpoint 11.6) (MiRR calculation) Emegs Soccer Mania is considoring bulding a new plant. This project would require an initial cash outiay of $9.5 milion and would generale annual cash inflows of $3.5 milion per year for years one through four. In year five the project will requise an invesiment outlay of $6 milion. During years 6 through 10 the project wil provide cash inflows of $6 millien per year, Catculate the project's MiRR, given a discount rate of 13 percent. The Miror of the project with a docount rate of 13% is K. (Round to two decimal places)

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