Problem: Using a required rate of return equal to 12 percent, compute the modified internal rate of return (MIRR) for a project that costs $82,000 and is expected to generate $35,000, $70,000, and -$10,450, respectively, during the next three years. Should the project be purchased?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.Provide step by step solutions for the above question.