Yellow Day has a project with the following cash flows:

Year Cash Flows

$0$$ $27,100$

$110,600$

$220,700$

$39,780$

$43,650$

What is the MIRR for this project using the reinvestment approach? The interest rate is $8$ percent.

Multiple Choice

$18\mathrm{.}06\%$

$10\mathrm{.}95\%$

$20\mathrm{.}02\%$

$15\mathrm{.}48\%$

$13\mathrm{.}14\%$