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Hindelang Inc. is considering a project that has the following cash flow and WACC data.  What is the project's MIRR?  Note that a project's MIRR can be less than the WACC (and even negative), in which case it will be rejected.

WACC

12.25%

 

 

 

 

 

Year

 

0

1

2

3

4

Cash Flows

 

-$850

$300

$320

$340

$360

a. 13.42%
b. 14.91%
c. 16.56%
d. 18.22%
e. 20.04%

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