Moordian Corporation estimates that its required rate of return is 11 percent. The company is considering two mutually exclusive projects whose after-tax cash flows are as follows: Project S CF(0) = ($3,000) CF(1) = 2,500 CF(2) = 1,500 CF(3) = 1,500 CF(4) = (500) Project L CF(0) = ($9,000) CF(1) = ($1,000) CF(2) = 5,000 CF(3) = 5,000 CF(4) = 5,000 What is the modified internal rate of return (MIRR) of the project with the highest NPV?