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Company A is considering a new automated production line project. The project has a cost of RM275,000 and is expected to provide after-tax annual cash

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Company A is considering a new automated production line project. The project has a cost of RM275,000 and is expected to provide after-tax annual cash flows of RM73,306 for eight years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified Internal Rate of Return (IRR) approach. You have calculated a cost of capital for the firm of 12%. What is the project's Modified Internal Rate Of Return (MIRR)

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