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The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The project being analyzed

The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The project being analyzed will cost $27,000 and have cash flows of $15,000 for each of the next three years.What is the modified internal rate of return (MIRR)?

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