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Bernsteins proposed project has an initial cost of $128,600 and cash flows of $64,500, $98,300, and $15,500 for Years 1 to 3 respectively. If all

Bernsteins proposed project has an initial cost of $128,600 and cash flows of $64,500, $98,300, and $15,500 for Years 1 to 3 respectively. If all negative cash flows are moved to Time 0 at a discount rate of 10 percent, what is the modified internal rate of return? Select one or more: a. 10.00% b. 9.90% c. 9.69% d. 9.97% e. 10.04%

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