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The FIN340 Company has a WACC of 11% and is evaluating a project with the following projected annual cash flows: Period 0: ($500), Period 1:

The FIN340 Company has a WACC of 11% and is evaluating a project with the following projected annual cash flows: Period 0: ($500), Period 1: ($200), Period 2: $150, Period 3: $600, Period 4: $150, Period 5: $100. Calculate the Modified Internal Rate of Return (MIRR) for this project.

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