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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 12.98 percent.The initial outlay is $315,500. Year 1: $134,700 Year 2: $164,000 Year 3: $178,800 Year 4: $165,300 Year 5: $126,000 Round two decimal places
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