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MIRR A project has an initial cost of $ 7 5 , 0 0 0 , expected net cash inflows of $ 1 5 ,

MIRR

A project has an initial cost of $

75, 000,

expected net cash inflows of $

15, 000

per year for

11

years, and a cost of capital of

11 % .

What is the project's MIRR?

(

Hint: Begin by constructing a time line.

)

Do not rou intermediate calculations. Round your answer to two decimal places.

%

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