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Turnbull Corp. is in the process of constructing new plant at a cost of $35 million. It expects the project to generate cash flows of
Turnbull Corp. is in the process of constructing new plant at a cost of $35 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and $29,000,000 over the next 3 years. the cost of capital is 20%. What is the MIRR on this project? 33%, 30%, 34% or 29%
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