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1. Application of MIRR: Galindo Recovery is considering an expan- sion project with cash flows of $287,500, $107,500, $196,100, $104,500, and $92,700 for Years 0
1. Application of MIRR: Galindo Recovery is considering an expan- sion project with cash flows of $287,500, $107,500, $196,100, $104,500, and $92,700 for Years 0 through 4, respectively. Should the firm proceed with the expansion based on the discounting ap- proach to the modified internal rate of return if the discount rate is 13.4 percent? Why or why not
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