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A project has the following cash flows: Year Cash Flow 0 -20,250 1 8,580 2 12,110 3 -4,400 4 3,860 The discounting rate is 7%

A project has the following cash flows:

Year Cash Flow
0 -20,250
1 8,580
2 12,110
3 -4,400
4 3,860

The discounting rate is 7% and the reinvestment rate is 11%. What is the MIRR for this project using the combination approach?

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