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Show all your work and explain. Given that the cost of capital is 14%: Calculate the modified internal rate of return and the profitability index

Show all your work and explain.

Given that the cost of capital is 14%:

Calculate the modified internal rate of return and the profitability index of the following:

CF₀	CF₁	CF₂	CF₃	CF₄
-8,000	3,000	4,000	3,000	2,000

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