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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 14.21 percent.The initial outlay is $485,300.
Year 1: $128,300
Year 2: $163,500
Year 3: $135,800
Year 4: $134,300
Year 5: $184,800
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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Calculate the expected dividend in year 6. Give the answer to the second decimal place.
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