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Management of Oriole Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $293,550 and will generate
Management of Oriole Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $293,550 and will generate cash flows of $73,750 over each of the next six years. If the cost of capital is 15 percent, what is the MIRR on this project? (Round intermediate calculations to 4 decimal places, e.g. 15.1534 and final answer to 2 decimal places, e.g. 15.52\%. Do not round factor values.) MIRR %
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