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Use the following information to answer the next question. Polk Products is considering an investment project with the following cash flows: Year 0 Year 1

Use the following information to answer the next question. Polk Products is considering an investment project with the following cash flows:

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Cashflow -100 90 -20 -40 30 80

The companys cost of capital is 10%, and it can get an unlimited amount of capital at that cost. What is the modified internal rate of return (MIRR) for the Project? Select one:

a. 8.54% b. 10.00% c. 15.77% d. 10.80% e. 6.03%

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