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Justice Incorporated is considering entering into a new market. To do so they will invest in a logistics business that will cost $15,350,000. After this
Justice Incorporated is considering entering into a new market. To do so they will invest in a logistics business that will cost $15,350,000. After this logistics business is established, it is expected that it will generate net cash flows of $1,005,000 in each year for the next 30 years. The company uses a discount rate of 11 percent for all projects. What is the modified internal rate of return on this project?
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