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1.Javier Corporation is considering a project with the following cash flows: Year Cash Flow 0 -$13,000 1 12,000 2 8,000 3 7,000 4 -1,500 The
1.Javier Corporation is considering a project with the following cash flows:
Year Cash Flow
0 -$13,000
1 12,000
2 8,000
3 7,000
4 -1,500
The firms cost of capital is 11 percent. What is the projects modified internal rate of return (MIRR)?
a. 16.82%
b. 21.68%
c. 23.78%
d. 24.90%
e. 25.93%
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