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

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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of a return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Time: Cash flow: 1 2 3 4 5 6 -$5,000 $1,200 $2,400 $1,600 $1,600 $1,400 $1,200 Use the MIRR decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places.) MIRR % Should it be accepted or rejected? O accepted O rejected

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