Tall Trees, Inc. is using the mofified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the Project at an annual rate

0f 13.77%. What is the MIRR of a project if the inital costs are 2,104,100 and the project life is estimated as 5 years. The project will produce the same after-tax cash inflows of 514,700

per year at the end of the year. I believe you can use MIRR in excel