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Angeles Lumber Company (LALC) is considering a project with a cost of R1,000 at t = 0 and inflows of R300 at the end of
Angeles Lumber Company (LALC) is considering a project with a cost of R1,000 at t = 0 and inflows of R300 at the end of Years 1-5. LALC's cost of capital is 10 percent. What is the project's modified IRR (MIRR)? Select one: a. 10.0% b. 20.7% C. 12.9% d. 15.2% e. 18.3%
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