Management of Cullumber Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $240,550 and will generate cash flows of $86,750 over each of the next six years. If the cost of capital is 12 percent, what is the MIRR on this project? (Round intermediate calculations to 3 decimals and final answers to 1 decimal places, e.g. 15.5%. Do not round factor values.) MIRR____%
