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Find the modified internal rate of return (MIRR) for your client for the following series of future cash flows if your client is able to

Find the modified internal rate of return (MIRR) for your client for the following series of future cash flows if your client is able to reinvest cash flows received from the investment at an annual rate of 14.09 percent. The initial investment at the beginning of the first year is $411,900.

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SOLUTION To find the MIRR we need to calculate the future value of all cash inflows and outflows to the end of the investment period using the reinvestment rate of 1409 Then we need to solve for the d... blur-text-image

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