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Green Submarine has a project with the following cash flows: Year Cash Flows $17,800 1 7,030 2 12,500 3 7,910 4 3,000 The discounting rate

Green Submarine has a project with the following cash flows:

Year Cash Flows

$17,800

1 7,030

2 12,500

3 7,910

4 3,000

The discounting rate is 8 percent and the reinvestment rate is 10 percent. What is the MIRR for this project using the combination approach?

Multiple Choice

19.50%

12.96%

17.22%

15.29%

13.49%

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