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2. A project requires an initial investment of $20,000 and will generate annual cash flows as follows: Cash flow $ 4,000 (2,000) 6,000 7,600 10,000
2. A project requires an initial investment of $20,000 and will generate annual cash flows as follows: Cash flow $ 4,000 (2,000) 6,000 7,600 10,000 Year 4 5 The firm's financing rate (for negative cash flows) is 9%, and its j reinvestment rate for positive cash flows is 696. Required: What is the MIRR
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