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An investment will cost you $3000 initially and will pay you $2000 and $5,000 in year 1 and year 2. Assume that you can reinvest

An investment will cost you $3000 initially and will pay you $2000 and $5,000 in year 1 and year 2. Assume that you can reinvest the cash flows received at a 10% annual rate of return. What is the modified IRR of the investment?

Select one:

a. 32.6%

b. 100%

c. 54.9%

d. 67%

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