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Suria Sdn. Bhd. is considering a new automated production line project. The project has a cost of RM275,000 and is expected to provide after-tax annual

Suria Sdn. Bhd. is considering a new automated production line project. The project has a cost of RM275,000 and is expected to provide after-tax annual cash flows of RM73,306 for eight years. The firms management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 12%. What is the projects MIRR?

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