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Mass Company is investing in a giant crane. It is expected to cost $7.3 million in initial investment, and it is expected to generate an

Mass Company is investing in a giant crane. It is expected to cost $7.3 million in initial investment, and it is expected to generate an end-of-year cash flow of $4.3 million each year for three years. At the end of the fourth year, there will be a $2.3 million disposal cost. Calculate the MIRR for the project if the cost of capital is 12.0 percent. Multiple Choice 29.7 percent 31.4 percent 25.4 percent 22.9 percent

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