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Shoppers Drug Mart is considering a project that has the following cash flows, WACC, and reinvestment rate data. WACC: 11.50% Reinvestment rate: 80% Year 0

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Shoppers Drug Mart is considering a project that has the following cash flows, WACC, and reinvestment rate data. WACC: 11.50% Reinvestment rate: 80% Year 0 1 2 3 Cash flows -5810 $300 $300 $300 Calculate the project's Modified Internal Rate of Return (MIRR). (Provide your answer in percentage with two decimal places.)

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