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The Fit & Trim company, uses the modified internal rate of return. The firm has a cost of capital Of 12 percent. The project being

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The Fit & Trim company, uses the modified internal rate of return. The firm has a cost of capital Of 12 percent. The project being analyzed ia as follows ($27,000 investment): What is the modified internal rate of return? An approximation from Appendix B is adequate. Assume the traditional internal rate of return on the investment is 17.5 percent. Explain why your answer in part a would be lower

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