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Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The firm is expected to generate cash flows of $4,000 in year
Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The firm is expected to generate cash flows of $4,000 in year 1, $5,000 in year 2, $3,000 in year 3 and $2,000 in year 4 . If Mirha's wacc is 6%, what is this project's modified internal rate of return?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
1259024962, 978-1259024962
