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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 a hand
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 $-52,000 in year 0, $13,000 in years 1 through 9, and $-1,000 in year 10. Assume a borrowing rate of 12% and an investment rate of 28% per year. The external rate of return is %
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