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MIRR unequal lives. Singing Fish Fine Foods has $1,920,000 for capital investments this year and is considering two potential projects for the funds. Project 1
MIRR unequal lives. Singing Fish Fine Foods has $1,920,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's deli section for additional food service. The estimated after-tax cash flow of this project is $610,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated annual after-tax cash flow for this project is $480,000 for the next six years. The appropriate discount rate for the deli expansion is 9.4% and the appropriate discount rate for the wine section is 9.2%. What are the MIRRs for the Singing Fish Fine Foods projects? What are the MIRRs
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