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A project requires an initial capital outlay of 37,000 and will return the following amounts (paid at the ends of each year for the next

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A project requires an initial capital outlay of 37,000 and will return the following amounts (paid at the ends of each year for the next 5 years): 7000,8000,9000,10000,11000. Find Modified internal rate of return given the reinvestment rate for the company is 2.4%. Use at least 5 decimal place

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