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PLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR Considering the following cash flows ..... Can you calculate the Modified Internal Rate of

image text in transcribedPLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR

Considering the following cash flows ..... Can you calculate the Modified Internal Rate of Return? Investment (CFO) CF1 CF2 -$828,022 $256,359 $449,908 $186,519 $596,960 CF3 CF4 Assume the discount rate is 6% Type your answer as percentage and not as decimal (i.e. 5.2 and not 0.052). Round your answer to the nearest two decimals if needed. Do not type the % symbol. 1.5 18 margin of error +/- 2%

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