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please show formulas and calculations for a better understanding (NO EXCEL) Use the following information to answer the next two questions. Anchor Gaming Inc. is

image text in transcribedplease show formulas and calculations for a better understanding (NO EXCEL)
Use the following information to answer the next two questions. Anchor Gaming Inc. is investigating a project with the following cash flows and its cost of capital (WACC) is 11%. YEAR 0 2 3 4 5 6 CASH FLOW -18,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 7 8 11. What is the internal rate of return (IRR) of this project? 12. What is the modified internal rate of return (MIRR) of this project

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