Using a required rate of return equal to 9 percent, compute the modified internal rate of return (MIRR) for a project that costs $72,000 and is expected to generate $32,000, $64,000, and -$12,700, respectively, during the next three years. Should the project be purchased? Do not round intermediate calculations. Round your answer to two decimal places. The project should be purchased because the MIRR, that is %, is greater than the required rate of return