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Marcotte Inc is considering a new automated production line project. The project has a cost of $ 3 7 5 , 0 0 0 and

Marcotte Inc is considering a new automated production line project. The project has a cost of $

375, 000

and is expected to provide after

-

tax annual cash flows of $

75, 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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