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Compute the modified internal rate of return for the following cash flows using a discount rate of 9%: Period 0: -1586 Period 1: 692 Period

Compute the modified internal rate of return for the following cash flows using a discount rate of 9%:

Period 0: -1586

Period 1: 692

Period 2: 761

Period 3: 697

Enter your answer in percent and round to the nearest 0.01%.

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