Turnbull Corp. is in the process of constructing a new plant at a cost of $40 million. It expects the project to generate cash flows of $13,000,000,$23,000,000, and 25,000,000 over the next three years. The cost of capital is 5 percent. What is the MIRR on this project? (Do not round intermediate computations. Round final answer to the nearest percent.) 22% 15% 31% 17% none of these