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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 $24,000

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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 $24,000 the first year, $26,000 the second year, $29,000 the third year. -$8,000 the fourth year, $36,000 the fifth year, $42,000 the sixth year, $45,000 the seventh year, and -$6,000 the eighth year. The project would cost the firm $103,400. If the firm's cost of capital is 12%, what is the modified internal rate of return? 13.67% 11.54% 12.89% 11.09% 14.39%

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