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10 The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a

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10 The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a hand application of the MIRR method to determine the EROR for the estimated net cash flows (in $1000 units) of $-60,000 in year 0, $14,000 in years 1 through 7, and $-8,000 in year 8. Assume a borrowing rate of 9% and an Investment rate of 20% per year. The external rate of return is % Book

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