The initial outlay is K3 million and the expected cash flows originating from the project are K600, 000 for the first year, then increasing by K160, 000 each year in years 2, 3, 4, 5 and 6. The project will be financed purely by equity. The firms equity beta is 1.25 while its asset beta (ungeared beta) is 0.90. The expected market return of LuSE securities is 6 percent while the average yield on government securities is 15 percent. The reinvestment rate is 8%. REQUIRED: What is the MIRR for the project