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Deere has an alternative investment opportunity besides manufacturing a new tractor. The alternative is to build a production facility in Chengdu China. Project FCFFs are

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Deere has an alternative investment opportunity besides manufacturing a new tractor. The alternative is to build a production facility in Chengdu China. Project FCFFs are expected to be as follows. 8 9 10 CF -500 -130 40 80 105 110 115 120 130 130 135 What is the cross-over rate (i.e. discount) that makes Deere indifferent between the two projects (assuming they are of the same risk)? [Unrelated to above): Explain why the MIRR exceeds the IRR when a project has NPV

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