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Find the MIRR for a project that requires $350,000 investment now and an additional $60,000 investment at year 10, has net positive cash flows of

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Find the MIRR for a project that requires $350,000 investment now and an additional $60,000 investment at year 10, has net positive cash flows of $55,000 per year for 20 years as well as a $70,000 salvage value at year 20. Use a financing rate of 8% and an investment rate of 12%. Answer: 12.72%

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