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Project X has a cost of $1,000, and it is expected to produce a uniform cash flow stream for 10 years, i.e., the CFs are

Project X has a cost of $1,000, and it is expected to produce a uniform cash flow stream for 10 years, i.e., the CFs are the same in Years 1 through 10, and it has a regular IRR of 12 percent. The cost of capital for the project is 10 percent. What is the project s modified IRR (MIRR)?

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