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Find the modified internal rate of return (MIRR) for the following series of future cash flows. The company can reinvest the cash flows from the
Find the modified internal rate of return (MIRR) for the following series of future cash flows. The company can reinvest the cash flows from the project at an annual rate of 14.74%. The initial outlay is $492,300
Year 1: $196100
Year 2: $188800
Year 3: $196900
Year 4: $154300
Year 5: $128800
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