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What is the modified internal rate of Bobert using the reivestment approach if the interest rate is 9 percent? Year 0- Cash flow : -26,400

What is the modified internal rate of Bobert using the reivestment approach if the interest rate is 9 percent?

Year 0- Cash flow : -26,400

Year 1- cash flow: $10,250

Year 2: $17,900

year 3: $9,360

Year 4: $-3,300

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