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Polk Products is considering an investment project with the following cash flows: Year 2 Year 3 -70 -10 Year o Year 1 Cashflow 60 35

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Polk Products is considering an investment project with the following cash flows: Year 2 Year 3 -70 -10 Year o Year 1 Cashflow 60 35 The company's cost of capital is 12%, and it can get an unlimited amount of capital at that cost. What is the modified internal rate of return (MIRR) for the Project? Select one: a. 11.56% b. 6.03% c. 9.37% d. 12.24% e. 8.54%

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