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Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 12%, calculate both the IRR and MIRR
Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 12%, calculate both the IRR and MIRR of the project: investment outlay, time 0, $2,900; after-tax cash inflows, year 1, $1,450; year 2, $1,450; year 3, $870; year 4, $870; and year 5, $290. Use the appropriate built-in functions in Excel (IRR and MIRR) to estimate both the IRR and the MIRR of the proposed investment. (Round "IRR" and "MIRR" to 2 decimal places. (i.e. 0.1234 = 12.34%).)
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