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Solo Corp. is evaluating a project with the following cash flows: Assume the discount rate is 8%. Year CE 0 -$48,000 1 17,000 21,900 N

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Solo Corp. is evaluating a project with the following cash flows: Assume the discount rate is 8%. Year CE 0 -$48,000 1 17,000 21,900 N 3 25,400 4 18,000 5 -6,500 Using the combination approach, what is the MIRR? Assume the discount rate is 8% and the reinvestment rate is 5%. Select one: O A. 10.56%

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