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Question 29 (3.5 points) Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $9,000
Question 29 (3.5 points) Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $9,000 the first year, $11,000 the second year, $14,000 the third year, -$8,000 the fourth year, $21,000 the fifth year, $27,000 the sixth year, $30,000 the seventh year, and $6,000 the eighth year. The project would cost the firm $53,900. If the firm's cost of capital is 14%, what is the modified internal rate of return? 13.26% 11.87% 14.06% 11.41% 14.80%
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