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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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