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The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next - generation launch missile engine configuration. Use

The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a hand application of the MIRR method to determine the EROR for the estimated net cash flows (in $1000 units) of $-44,000 in year 0, $15,000 in years 1 through 6.00, and $-8,000 in year 7.00. Assume a borrowing rate of 8.00% and an investment rate of 21.00% per year. (Round the final answer to three decimal places.)
The external rate of return is ?%

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