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1.A project has an initial outlay of $2,191. It has a single cash flow at the end of year 7 of $5,860. What is the
1.A project has an initial outlay of $2,191. It has a single cash flow at the end of year 7 of $5,860. What is the internal rate of return (IRR) for the project?
2.Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.45 percent.The initial outlay is $428,400.
Year 1: $167,400
Year 2: $157,700
Year 3: $133,200
Year 4: $126,800
Year 5: $188,700
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