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Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from

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Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 9.24 percent. The initial outlay for the project is $457,600. Find the MIRR for the company's project. The project will produce the following after-tax cash inflows of Year 1: $219,100 Year 2: $166,200 Year 3: $180,300 Year 4: $247,900

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