Miley Cyrus: It's Part Of The Formula

Miley Cyrus pulls her jacket close as she arrives back at her NYC hotel on Friday afternoon (August 28).

Earlier this morning, the 16-year-old starlet blew the crowd away on The Today Show‘s Summer Concert Series. She performed her new hit single, “Party In The USA,” as well as the popular “The Climb.”

Miley dished to the hosts about her upcoming EP, Time of Our Lives, “This album was a step towards my next album. I want to be able to step out and maybe take a break for a while and write music that inspires me. I think there’s always a formula … I think the best way to do that is put it out of the way and do something new.”

Time of Our Lives is out exclusively at Walmart stores now and will hit stores everywhere on Monday, August 31.