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3. What is the internal rate of return (IRR) for a project that costs $6,330 and is expected to generate $1,800 per year for the
3. What is the internal rate of return (IRR) for a project that costs $6,330 and is expected to generate $1,800 per year for the next five years? If the firms required rate of return is 10%, what is the projects modified internal rate of return (MIRR)? Should the firm purchase the project?
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