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A project has the following cash flows : Cash Flows year 0: $12,400 year 1: 5,530 year 2: 7,990 year 3: 5,360 year 4: -1,500

A project has the following cash flows :

Cash Flows

year 0: $12,400

year 1: 5,530

year 2: 7,990

year 3: 5,360

year 4: -1,500

Assuming the appropriate interest rate is 10 percent, what is the MIRR for this project using the discounting approach?

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