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MIRR Project L requires an initial outlay at t = 0 of $ 6 0 , 0 0 0 , its expected cash inflows are

MIRR

Project L requires an initial outlay at t

= 0

of $

60, 000,

its expected cash inflows are $

13, 000

per year for

9

years, and its WACC is

12 % .

What is the project's MIRR?

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