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Green Submarine has a project with the following cash flows: Year Cash Flows $18,400 1 7,630 2 14,300 3 8,390 4 3,600 The discounting rate

Green Submarine has a project with the following cash flows:

Year Cash Flows
$18,400
1 7,630
2 14,300
3 8,390
4 3,600

The discounting rate is 10 percent and the reinvestment rate is 12 percent. What is the MIRR for this project using the combination approach?

Multiple Choice

  • 20.85%

  • 16.22%

  • 15.80%

  • 23.73%

  • 18.47%

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