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10. Timcos CEO attended a conference and heard about the modified IRR. He decides that this is what the company should use to analyze projects.

10. Timcos CEO attended a conference and heard about the modified IRR. He decides that this is what the company should use to analyze projects. The project he wants analyzed has a cost of $1,000 at Time = 0 and inflows of $300 at the end of Years 1-5. The new cost of capital is 10%. What is the project's modified IRR (MIRR)?

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