Your Company is considering Project called Delimited, whose costs and cash flows are shown below:(5 points)

YearCash Flow

0-$2,000

11,000

2800

3850

41,300

The project is risky; the firm's cost of capital is 10 percent. What is the modified internal rate of return (MIRR) and what is your recommendation to accept or reject the project.The required rate of return is 16%