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Marcotte Inc is considering a new automated production line project. The project has a cost of $275,000 and is expected to provide after-tax annual cash

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Marcotte Inc is considering a new automated production line project. The project has a cost of $275,000 and is expected to provide after-tax annual cash flows of $73,306 for eight years. The firm's management prefers using the modified IRR approach. The firm's WACC is 10%. What is the project's MIRR? Should the project be accepted

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