What is the MIRR of the following two year investment in a drone used to monitor security? The projected reinvestment rate (discount rate) is 18%. The project will require an investment of $20,000 today and expected cash flow of $13,000 in Year 1; and $13,000 in year 2. RECORD YOUR ANSWER AS A DECIMAL.

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A project cost $1,000 and will result in cash flows of 110 per year for four years. In addition the project will return $1000 to the investor at the end of the fourth year. The projects cost of capital is 8 percent. What is the projects internal rate of return? Record your answer as a decimal accurate to 4 decimal places.

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