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5 34) Acme Inc. is considering a five-year investment that costs $300,000. The investment will produce cash flows of S60,000 each year for the first

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5 34) Acme Inc. is considering a five-year investment that costs $300,000. The investment will produce cash flows of S60,000 each year for the first two years (t- 1 and t-2), S115,000 a year for each of the remaining three years (t -3, t-4, and t-5). The company has a weighted average cost of capital of 10 percent. What is the MIRR of the investment? A. 17.33% B. 12.82% C. 18.25% D. 14.51% E. 1 1 .00%

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