STU Industries is considering a new project that requires an initial outlay of $250,000. The project will generate the following net inflows: $40,000 in year 1, $50,000 in year 2, $60,000 in year 3, $70,000 in year 4, and $80,000 in year 5. Calculate the modified internal rate of return (MIRR) assuming a reinvestment rate of 5%.