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Dry-Sand Company is considering investing in a new project. The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows
Dry-Sand Company is considering investing in a new project. The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows for three years. Calculate the modified IRR for the project if the cost of capital is 15%
a | 20.2% |
b | 14.5% |
c | 23.4% |
d | 18.6% |
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