Find the modified internal rate of return

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Find the modified internal rate of return (MIRR) for the following series of future cash flows. The company can reinvest the cash flows from the project at an annual rate of 4.45%. The initial outlay is $670,560.

Year 1: $182,317

Year 2: $141,519

Year 3: $130,343

Year 4: $182,821

Year 5: $147,278

Round the answers to two decimal points

Reference no: EM13728581

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