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Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have the following cash flows: Year Cash Flow 0 -29,000

Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have the following cash flows:

Year Cash Flow

0 -29,000

1 11,200

2 13,900

3 15,800

4 12,000

5 -9,400

The company uses an 12% discount rate on all of its projects. Using the combination method what is the MIRR of the project?

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