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Project M has an initial cost of $56,705, and its expected net cash inflows are $13,250 per year for 6 years. The firm has a
Project M has an initial cost of $56,705, and its expected net cash inflows are $13,250 per year for 6 years. The firm has a WACC of 9 percent, and Project Ms risk would be similar to that of the firms existing assets. Calculate Project Ms modified internal rate of return (MIRR).
a. | 5.79% | |
b. | 40.20% | |
c. | 9.86% | |
d. | 9.00% | |
e. | 10.60% |
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