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Question 7 (2 points) Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $21,000

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Question 7 (2 points) Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $21,000 the first year, $23,000 the second year, $26,000 the third year, $29,000 the fourth year. $33,000 the fifth year, and $39,000 the sixth year. The project would cost the firm $87,000. If the firm's cost of capital is 9%, what is the modified internal rate of return? 15.62% 20.75% 14.74% 12.67% 17.88%

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