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Using a required rate of return equal to 10 percent, compute the modified internal rate of return (MIRR) for a project that costs $82,000 and
Using a required rate of return equal to 10 percent, compute the modified internal rate of return (MIRR) for a project that costs $82,000 and is expected to generate $36,000, $72,000, and -$12,500, respectively, during the next three years. Should the project be purchased? Do not round intermediate calculations. Round your answer to two decimal places.
The project (Should/Should not) be purchased because the MIRR, that is ( )%, is (greater than/lower than/equal to) the required rate of return.
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