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Elway Corp. is considering a project with the following cash flows. Year Cash Flows 0 -$67,996 1 $16,447 2 $21,734 3 $30,666 4 -$12,369 5
Elway Corp. is considering a project with the following cash flows. Year Cash Flows 0 -$67,996 1 $16,447 2 $21,734 3 $30,666 4 -$12,369 5 $40,087 The company uses a discount rate of 6 percent on all of its projects. Calculate the MIRR of the project using the combination approach? [Enter the final answer in as a percent with two decimals (e.g. 5.55% = 5.55)]
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