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1.Timco's 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

1.Timco's 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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