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Management of Pharoah Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $287,550 and will generate

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Management of Pharoah Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $287,550 and will generate cash flows of $94,750 over each of the next six years. If the cost of capital is 13 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.s. 15.52%. Do not round foctor values.) MIRR %

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