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Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $3,000,000. The project's expected cash flows are: Year Cash
Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $3,000,000. The project's expected cash flows are: Year Cash Flow Year 1 $375,000 Year 2 -175,000 Year 3 Year 4 500,000 425,000 Green Caterpillar Garden Supplies Inc.'s WACC is 10%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): O 17.26% O 21.74% O 18.63% O 19.67%
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