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You are a financial analyst for Alamo Company. The director of capital budgeting has asked you to analyze the proposed capital investment project. The project

You are a financial analyst for Alamo Company. The director of capital budgeting has asked you to analyze the proposed capital investment project. The project has an initial cost of $10,000 (invested in year 0), and the required rate of return is 12 percent. Find the Modified Internal Rate of Return (MIRR) if the project's expected cash flows are as follows: (round to two decimal points and don't enter the % sign)

Year Project Expected Cash Flows
0 $(10,000)
1 6,500
2 3,000
3 3,000
4 1,000

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