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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do

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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems. Question 4 (1 point) Saved Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.33 percent.The initial outlay is $498,300. Year 1: $151,900 Year 2: $133,800 Year 3: $159,100 Year 4: $162,600 Year 5: $120,800 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your

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