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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively.
Time: 0123456
Cash flow: $ 14,800 $ 2,600 $ 3,800 $ 3,000 $ 3,000 $ 2,800 $ 2,600
Use the MIRR decision rule to evaluate this project.
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

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