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please show the work Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able
please show the work
Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 10.95 percent.The initial outlay is $389,000. Year 1: $158,100 Year 2: $166,500 Year 3: $172,200 Year 4: $177,400 Year 5: $195,600 Round the answer to two decimal places in percentage form. (Write the percentage sign in the units" box) Step by Step Solution
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