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Green Caterpilifar Garden Supplies inc. is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows-are Green Caterpllar Garden Supplies

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Green Caterpilifar Garden Supplies inc. is analyzing a project that requires an initial investment of $2,500,000. The project's expected cash flows-are Green Caterpllar Garden Supplies Inc's WACC is 8%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): If Gireen Caterpiliar Garden Supplies Incis managers select projects based on the MIRR criterion, they should this independent project. Which of the following satements about the relationship between the IRR and the MiRR is correct? A typical firm's 1RR will be equal to its MtRR. A typicai firmis IRR witi be less than its MIRR. A typical fimn's IRR will be greater than its MIRR

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