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A project has projected cash flows of -$112,365, $32,800, $52,400, -$112,000 and $171,500 for years 0-4 respectively. Should this project be accepted based on the

A project has projected cash flows of -$112,365, $32,800, $52,400, -$112,000 and $171,500 for years 0-4 respectively. Should this project be accepted based on the combination approach to the modified internal rate of return if both the discount rate and the reinvestment rate are 11.8 percent?

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