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Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations. Round your final answer

Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project I Time: 0 1 2 3 4

Cash flow $12,500 $6,080 $4,930 $2,270 $2,750

MIRR % Should the project be accepted or rejected?

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