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 8.89%. The initial outlay for this project is 472,000. Find the MIRR for the company's project. The project will produce the following after tax cash inflows of
Year 1: 165,200
Year 2: 204,000
Year 3: 198,800
Year 4: 277,000