Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively.

Time:	0	1	2	3	4	5	6
Cash flow:	$ 15,200	$ 3,000	$ 4,200	$ 3,400	$ 3,400	$ 3,200	$ 3,000

Use the MIRR decision rule to evaluate this project.

Note: Do not round intermediate calculations and round your final answer to 2 decimal places.