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A firm has a new project with an initial investment of $ 6 0 , 0 0 0 and the following end - of -

A firm has a new project with an initial investment of $60,000 and the following end-of-year estimated cash flows:
Year 1: $28,000
Year 2: $18,000
Year 3: $30,000
Year 4: $30,000
If the firm's appropriate WACC =6%, what is the Modified Internal Rate of Return (MIRR) of this project?

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