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The Caffeine Coffee Company uses the modified internal rate of retum. The firm has a cost of capital of a percent. The project being analyzed

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The Caffeine Coffee Company uses the modified internal rate of retum. The firm has a cost of capital of a percent. The project being analyzed is as follows (\$39,000 investment): Use Appendix A and Aphendix B for an approximate answer but caiculate your final answer using the formula and financial calculator methods What is the modified internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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