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Zypp is in the process of constructing a new plant at a cost of $40 million. It expects the project to generate cash flows of

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Zypp 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 29,000,000 over the next three years. The cost of capital is 18 percent. What is the MIRR on this project? (Do not round intermediate computations. Round final answer to the nearest percent.) 36% 25% 23% 38%

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