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31 Garrett is considering investing in a project that has a cost of $40,000 at t=0, is expected to produce a uniform positive cash flow
31
Garrett is considering investing in a project that has a cost of $40,000 at t=0, is expected to produce a uniform positive cash flow stream for 7 years (i.e. the CFs are the same for Years 1 through 7), and has a regular IRR of 5.3471%. The cost of capital for the project is 11%. What is the project's MIRR? (Round to the nearest dollar throughout.) A. 8.56 percent B. 9.42 percent C. 7.98 percent D. 12.08 percent E. 13.73 percent A B C D E Step by Step Solution
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