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(Related to Checkpoint 11.6) (MIRR calculation) Emilys Socoer Mania is considering bulding a new plant. This projoct would requare an inilial cash outlay of Sa

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(Related to Checkpoint 11.6) (MIRR calculation) Emilys Socoer Mania is considering bulding a new plant. This projoct would requare an inilial cash outlay of Sa millon and would generate annual eash inflows of $2 million per year for years one through four. In year five the profoct will require an investment outlay of $6 millon, During years 6 through 10 the project will provide cash inflows of $5 milion per year. Calculate the projecrs MiRR, given a discount rate of 13 peccent. The MiRR of the project with a ditcount rate of 13W is K. (Round to two decimar placet)

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