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The Wenling Lu Corporation plans to build a nuclear power that will cost $350 million today. The project will generate incremental after tax cash flows

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The Wenling Lu Corporation plans to build a nuclear power that will cost $350 million today. The project will generate incremental after tax cash flows of $42 million per year for the next 40 years. There will be a decommissioning cost of $100 million at year 41. The required return is 11 percent and the reinvestment rate is also 11%. What is the modified internal rate of return (MIRR) using the combination approach? 18.31% The combination approach MIRR cannot be calculated for this problem. 11.18% 12.83% 11.00%

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