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Modified Internal Rate of Return [LO6] One of the less flattering interpretations of the acronym MIRR is meaningless internal rate of return. Why do you

Modified Internal Rate of Return [LO6] One of the less flattering interpretations of the acronym MIRR is meaningless internal rate of return. Why do you think this term is applied to MIRR?

Year Cash Flow

0-26000

1 11000

2 14000

310000

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