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Bonus: Project M has an initial cost of $77,788, and its expected net cash inflows are $17,750 per year for 8 years. The firm has

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Bonus: Project M has an initial cost of $77,788, and its expected net cash inflows are $17,750 per year for 8 years. The firm has a WACC of 12 percent, and Project M's risk would be similar to that of the firm's existing assets. Calculate Project M's modified internal rate of return (MIRR). O a. 82.55% O b.7.81% O c. 15.72% O d. 13.77% O e. 12.00%

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