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Problem 12-27 (calculator version) The Last Century Corporation uses the MIRR. The firm has a cost of capital of 7 percent. The project being analyzed

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Problem 12-27 (calculator version) The Last Century Corporation uses the MIRR. The firm has a cost of capital of 7 percent. The project being analyzed has a $25,000 initial investment and is expected to produce the following cash flows: Year 1 2 3 WNPC Cash Flow $12,000 10,000 7,200 a. What is the MIRR? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) MIRR % b. What is the traditional IRR? (Round the final answer to 2 decimal places.) Traditional IRR %

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