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Your firm is considering a project that will cost $4.604 million up front, generate cash flows of $3.51 million per year for 3 years, and

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Your firm is considering a project that will cost $4.604 million up front, generate cash flows of $3.51 million per year for 3 years, and then have a cleanup and shutdown cost of $5.96 million in the fourth year. a. How many IRRs does this project have? b. Calculate a modified IRR for this project assuming a discount and compounding rate of 9.6% c. Using the MIRR and a cost of capital of 9.6%, would you take the project? a. How many IRRs does this project have? The project has IRRs. (Spiect from the drop-down menu.) 1 2 3 4

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