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7 1 pts The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The
7 1 pts The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The project being analyzed is as follows ($34,000 investment): Year Cash Flow 1 $ 18,000 2 15,000 3 12,000 What is the modified internal rate of return? Note: Do not round intermediate calculations and round your answer to 2 decimal places
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
