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Need step by step formula explanations thank you! Polk Products is considering an investment project with the following cash flows: The company's cost of capital

Need step by step formula explanations thank you!

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Polk Products is considering an investment project with the following cash flows: The company's cost of capital is 10%, and it can get an unlimited amount of capital at that cost. What is the modified internal rate of return (MIRR) for the project? Select one: a. 10.80% b. 15.77% c. 10.18% d. 8.54% e. 6.03%

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