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You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $25 of free cash flow each
You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $25 of free cash flow each year for 5 years (i.e., it makes $25 FCF each year from t=1 to t=5). If the cost of capital (i.e., the required rate of return or discount rate) is 10%, what is the MIRR of the project?
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