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A company's weighted average cost of capital is 9.4% per year. A project requires an investment of $15,000 today and it is expected to generate

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A company's weighted average cost of capital is 9.4% per year. A project requires an investment of $15,000 today and it is expected to generate after-tax cash flows of $9,000 at the end of year 1,$5,000 at the end of year 2 , and $4,000 at the end of year 3. What is the project's annual modified internal rate of return (MIRR)? A) 9.8% B) 10.5% C) 12.3% D) 11.4% E) 8.9%

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