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please make sure it is for the project with the lowest NPV Mooradian Corporation estimates that its required rate of return is 11 percent. The

image text in transcribedplease make sure it is for the project with the lowest NPV

Mooradian Corporation estimates that its required rate of return is 11 percent. The company is considering two mutually exclusive projects whose after- tax cash flows are as follows: Year Projects Project L 0 -$3,000 -$9,000 1 2,500 -1,000 4. 2 1,500 5,000 3 1,500 5,000 -500 5,000 What is the modified internal rate of return (MIRR) of the project with the lowest NPV? O a. 11.89% O b. 14.26 O c. 13.66% O d. 20.12% O e. 18.25%

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