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Please explain. Other answers to this style question are not helpful. Thank you! A project has an initial cost of $40,000, expected net cash inflows

image text in transcribed Please explain. Other answers to this style question are not helpful. Thank you!

A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 10 years, and a cost of capital of 13%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. %

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