1. A project calls for $5.5 million in initial investments. The project will return the following cash flows. What is the modified IRR if the WACC of 7% is applied as the reinvestment rate?
   • Year: CF
   • 1 400k
   • 2 700k
   • 3 1.1 million
   • 4 1.7 million
   • 5 1.8 million
   • 6 1.5 million
   • 7 900k
   • 8 300k

		9.49%
		8.61%
		9.98%
		8.87%