(Answered) Find the modified internal rate of return mirr for the

Finance

Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 9.30 percent.The initial outlay is $494,100.

Year 1: $134,000

Year 2: $170,300

Year 3: $138,800

Year 4: $176,800

Year 5: $126,300

Round the answer to two decimal places in percentage form.

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