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g. (1) Define the term modified IRR (MIRR). Find the MIRRs for Franchises L and S. (2) What are the MIRR's advantages and disadvantages vis--vis

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g. (1) Define the term modified IRR (MIRR). Find the MIRRs for Franchises L and S. (2) What are the MIRR's advantages and disadvantages vis--vis the regular IRR? What are the MIRR's advantages and disadvantages vis--vis the NPV

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