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Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 11.32 percent. The initial outlay for the project is $421,500. Find the MIRR for the company's project. The project will produce the following after-tax cash inflows of
Year 1: $293,800
Year 2: $243,000
Year 3: $202,200
Year 4: $289,700
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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