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You are a financial analyst for Damon Electronics Company. The director of capital budgeting has asked you to analyze the proposed capital investment Project X

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You are a financial analyst for Damon Electronics Company. The director of capital budgeting has asked you to analyze the proposed capital investment Project X The cost of capital is 10 percent. The expected (net) cash flows are as follows: YEAR (Net) cash flows (5) -1,500 0 1 700 2 800 3 100 600 What is the modified internal rate of return (MIRR) of project X? Select one: O a. 15.26% O b. 13.98% c. 14.85% O d. 13.45% O e. 15.34%

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