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A project has an initial cost of $68,975, expected net cash inflows of $15,000 per year for 12 years, and a cost of capital of

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A project has an initial cost of $68,975, expected net cash inflows of $15,000 per year for 12 years, and a cost of capital of 8%. What is the project's MIRR? (Hint: Begin by constructing a timeline.) Do not round Intermediate calculations. Round your answer to two decimal places %

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