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Answer the following four questions based on the description below: Nobel Tech Inc. is building a new production line. The cost of the production line
Answer the following four questions based on the description below: Nobel Tech Inc. is building a new production line. The cost of the production line is $3 million in the current year and $2 million in the following year. The production line is expected to bring in cash inflow of $1.6 million in year 2, and $2 million each year from year 3 to year 7. The company uses a cost of capital of 10% on all the projects. The MIRR of the project is closest to 28.5% O 17.4% 22.5% 24%
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