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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 13.74 percent The initial outlay for the project is $407, 400. Find the MIRR for the company's project. The project will produce the following after-tax cash inflows of Year 1. $142, 400 Year 2: $280, 300 Year 3. $219, 100 Year 4: $201, 200 Round the answer to two decimal places in percentage form

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