Find the modified internal rate of return (MIRR) for the following series of future cash...

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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 13.54 percent.The initial outlay is $316,100.

Year 1: $142,200

Year 2: $130,600

Year 3: $142,800

Year 4: $180,600

Year 5: $152,100

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