NUBD Co. is considering a five-year investment that costs P100,000. The investment will produce cash flows of P25,000 each year for the first two years (t = 1 and t = 2), P50,000 a year for each of...

NUBD Co. is considering a five-year investment that costs P100,000.  The investment will produce cash flows of P25,000 each year for the first two years (t = 1 and t = 2), P50,000 a year for each of the remaining three years (t = 3, t = 4, and t = 5).  The company has a weighted average cost of capital of 12 percent.  What is the MIRR of the investment? Use 5 decimal places for the PV factor.

Round-off the final answer to 2 decimal places. Sample format: 11.11%