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3. The table below presents the cash flows associated with projects X and Y: Project Year 0 1 2 3 4 5 6 X Investment
3. The table below presents the cash flows associated with projects X and Y: Project Year 0 1 2 3 4 5 6 X Investment 2500 100 500 Cash-flow 3000 3000 -700 - - Y Investment 2000 1800 Cash-flow 500 1000 -1500 3000 2000 800 Use the MIRR in order to select the preferable project knowing that the cost of capital is 8% and the return on new investments is 14%. MIRRX= MIRRY=
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