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You are considering an investment project with the cash flows of -400(the initial cash flow), 800( cash flow at year 1), -100 (cash flow at

You are considering an investment project with the cash flows of -400(the initial cash flow), 800( cash flow at year 1), -100 (cash flow at year 2). Given the discount rate of 10% compute the modified internal rate of return using the REINVESTMENT approach.

A. 39.64%

B. 868.60%

C.35.03%

D. 65.76%

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