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Jamaica Corp. is adding a new assembly line at a cost of $6.0 million. The firm expects the project to generate cash flows of $1

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Jamaica Corp. is adding a new assembly line at a cost of $6.0 million. The firm expects the project to generate cash flows of $1 million, $2 million, $3 million, and $4 million over the next four years. Its cost of capital is 16 percent. What is the project's Modified Internal Rate of return (MIRR) and should the company add the new assembly line? 21 percent, no 18.25 percent, yes 18.25 percent, no O none of these O 21 percent, yes

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