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26. Green Submarine has a project with the following cash flows: Year Cash Flows $18,200 1 7,430 2 13,700 3 8,230 4 3,400 The discounting

26. Green Submarine has a project with the following cash flows:

Year Cash Flows

$18,200

1 7,430

2 13,700

3 8,230

4 3,400

The discounting rate is 7 percent and the reinvestment rate is 9 percent. What is the MIRR for this project using the combination approach?

Multiple Choice 13.49% 19.02% 13.80% 16.36% 22.35%

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