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Management ofCullumberHome Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $240,550and will generate cash flows of

Management ofCullumberHome Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $240,550and will generate cash flows of $86,750over each of the next six years. If the cost of capital is12percent, what is the MIRR on this project?(Round intermediate calculations to 3 decimals and final answers to 1 decimal places, e.g. 15.5%. Do not round factor values.)

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