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The IRR is 1 1 . 3 5 % for a normal project that has a cost of $ 3 0 , 0 0 0

The IRR is 11.35% for a normal project that has a cost of $30,000 at t=0 and is expected to produce a uniform positive cash flow stream for 6 years (at t=1 through t=6). The cost of capital for the project is 14%. Which of the following is most CORRECT? (Round to the nearest dollar throughout.)
a. The NPV is $2,145 and the MIRR is 12.27%.
b. The NPV is negative $2,145 and the MIRR is 12.42%.
C. The MIRR is 12.60 percent, and the IRR is less than the MIRR.
d. The MIRR is 12.60 percent, and the IRR is greater than the MIRR.
e. The IRR is 11.35 percent, and the MIRR is 13.12 percent.
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