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Given the following project cash flows, calculate the MIRR according to the combination approach. The required return is 13%. CF0 = $20,000 CF1 = $25,000

Given the following project cash flows, calculate the MIRR according to the combination approach. The required return is 13%.

CF0 = $20,000

CF1 = $25,000

CF2 = $10,000

CF3 = $20,000

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