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The Taxi Co. is evaluating a project with the following cash flows: Year, Cash Flow 0, -29,000 1, 11,200 2, 13,900 3, 15,800 4, 12,900

The Taxi Co. is evaluating a project with the following cash flows:

Year, Cash Flow

0, -29,000

1, 11,200

2, 13,900

3, 15,800

4, 12,900

5, -9,400

The company uses 11% interest rate on all of its projects. What is the MIRR using the discounted approach?

19.66%

19.23%

17.08%

15.40%

13.25%

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