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Pensky Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive and equally risky. Calculate the MIRR

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Pensky Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive and equally risky. Calculate the MIRR for both projects assuming a WACC of 11%. Which project should Pensky accept and why? Year: 0 1 2 3 4 CFS: $1,750 $660 $475 $455 $430 CF: $2,700 $950 $875 $850 $820

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