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A project has the following cash flows: Year Cash Flows 0 -2,000 1 550 2 550 3 550 4 550 5 550 6 550 What
A project has the following cash flows:
| Year | Cash Flows |
| 0 | -2,000 |
| 1 | 550 |
| 2 | 550 |
| 3 | 550 |
| 4 | 550 |
| 5 | 550 |
| 6 | 550 |
What is the Modified Internal Rate of Return (MIRR) of this project? Assume an interest rate of 5%.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
978-0134128528
