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FIND THE MODIFIED INTERNAL RATE OF RETURN (MIRR) FOR THE FOLLOWING SERIES OF FUTURE CASH FLOWS IF THE COMPANY IS ABLE TO REINVEST CASH FLOWS

FIND THE MODIFIED INTERNAL RATE OF RETURN (MIRR) FOR THE FOLLOWING SERIES OF FUTURE CASH FLOWS IF THE COMPANY IS ABLE TO REINVEST CASH FLOWS RECEIVED FROM THE PROJECT AT AN ANNUAL RATE OF 9.36 PERCENT. THE INITIAL OUTLAYS $372,900.

YEAR 1-180,000

YEAR 2-162,100

YEAR 3-186,900

YEAR 4-1459,500

YEAR 5-148,500

ROUND TO TWO DECIMAL PLACES IN PERCENTAGE FORM.

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