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Bob is trying to decide if he should invest in a vending machine on campus. He calculated the following cash flow and cost of capital
Bob is trying to decide if he should invest in a vending machine on campus. He calculated the following cash flow and cost of capital data. What is the machine's MIRR?
Cost of capital= 10%
Year 0 1 2 3 4
Cash flows -$975 $325 $350 $375 $400
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