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12-5: Modified Internal Rate of Return (MIRR) Problem 12-3 MIRR A project has an initial cost of $11,175, expected net cash inflows of $14,000 per

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12-5: Modified Internal Rate of Return (MIRR) Problem 12-3 MIRR A project has an initial cost of $11,175, expected net cash inflows of $14,000 per year for 12 years, and a cost of capital of 9%. What is the project's MIRR? Round your answer to two decimal places

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