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A firm is considering an investment project with the following cash flows: Year 0=$100,000 (initial costs); Year 1=$40,000; Year 2=$90,000; Year 3=$30,000; and Year 4=$60,000.

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A firm is considering an investment project with the following cash flows: Year 0=$100,000 (initial costs); Year 1=$40,000; Year 2=$90,000; Year 3=$30,000; and Year 4=$60,000. The company has a 10% cost of capital. What is the project's modified internal rate of return (MIRR)? 21.1% 26.4% 30.1% 40.7%

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