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W3: Mass Company is investing in a giant crane. It is expected to cost $8.1 million in initial investment, and it is expected to generate
W3: Mass Company is investing in a giant crane. It is expected to cost $8.1 million in initial investment, and it is expected to generate an end-of-year cash flow of $5. million each year for three years. At the end of the fourth year, there will be a $3.0 million disposal cost. Calculate the MIRR for the project if the cost of capital is 12.0 percent.
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