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Show the works also 6. Baba Rafi is considering opening a small sandwich outlet inside the NSU campus. It will require an initial investment of

Show the works also

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6. Baba Rafi is considering opening a small sandwich outlet inside the NSU campus. It will require an initial investment of $20,000 and throughout the next 5 years the project will potentially generate free cash flows in the following form: 0 1 -20.000 2 6000 4 10000 5 -4000 3500 6500 Now, as we can see an unconventional cash flow in year 3, please calculate the MIRR to decide whether Baba Rafi should invest in this project or not? The required rate of return is the WACC calculated in problem 1. (6 Marks)

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