Question 3 (1 point) Saved Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating project

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Question 3 (1 point) Saved Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating project

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Question 3 (1 point)
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Tall Trees, Inc. is using the modified internal rate of return(MIRR) when evaluating projects. The company is able toreinvest cash flows received from the project at an annual rate of12.69 percent. What is the MIRR of a project if the initialcosts are $1,592,200 and the project life is estimated as 8 years?The project will produce the same after-tax cash inflows of 581,000per year at the end of the year.
Round the answer to two decimal places in percentageform. (Write the percentage sign in the"units" box)
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