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Problem 10-03 MIRR A project has an initial cost of $40,175, expected net cash inflows of $8,000 per year for 8 years, and a cost

Problem 10-03

MIRR

A project has an initial cost of $40,175, expected net cash inflows of $8,000 per year for 8 years, and a cost of capital of 12%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

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