A project with initial investment of $5,000 has cash flows of $2,000; $3,000 and $4,000 over years
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Question:
A project with initial investment of $5,000 has cash flows of $2,000; $3,000 and $4,000 over years 1-3 respectively. If the cost of capital is 10%, what is its approximate MIRR?
a) 25%
b) 22%
c) 32%
d) 10%
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