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Blue Llama Mining Company is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows are: Year Year 1 Year

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Blue Llama Mining Company is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows are: Year Year 1 Year 2 Cash Flow $300,000 -150,000 500,000 400,000 Year 3 Year 4 Blue Llama Mining Company's WACC is 9%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): -15.59% 19.84% 25.67% 28.01% If Blue Llama Mining Company's managers select projects based on the MIRR criterion, they should this independent project

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