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MTR Inc. is considering a 3-year project with an initial expenditure of $750 million. The project will generate $212, $393, and $556 for the next

MTR Inc. is considering a 3-year project with an initial expenditure of $750 million. The project will generate $212, $393, and $556 for the next 3 years. If the cost of capital is 9 percent, what is the modified internal rate of return for the project?

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