Salmon Inc. has a new automated production line project it is considering. The project has a cost of $$275,000$ and is expected to provide after$-$tax annual cash flows of $$73,306$ for eight years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of $12$ percent. What is the project's MIRR?

$16\mathrm{.}0\%$

$14\mathrm{.}0\%$

$12\mathrm{.}0\%$

$15\mathrm{.}0\%$

$17\mathrm{.}0\%$