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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 and round your

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

Project I
Time: 0 1 2 3 4
Cash flow $12,200 $5,930 $4,780 $2,120 $2,600

What is the MIRR?

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