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(Rolated to Chockpoint 11.6) (MIRR ealculation) Emily's Soccer Mania is considering bulding a new plant. This prolect would require an intial cash outay of 595

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(Rolated to Chockpoint 11.6) (MIRR ealculation) Emily's Soccer Mania is considering bulding a new plant. This prolect would require an intial cash outay of 595 milicn and would generase anmual cash inthows of $3.5 million per year for years one through four. In year five the project will require an investment cutlay of $6 milian. During yeass 6 through 10 the prciect wil provide cash Inflows of $6 million per year. Caloulate the project's MIRR, given a Giscount rate of 10 percent. The MIRR of the project with a discount rate of 10% is 1. (Round to two decimal places.)

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