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Ingram Electric is considering a project with an initial cash outflow of $800,000. This project is expected to have cash inflows of $350,000 per year in years 1, 2, and 3. The company has a WACC of 7.85% which is used as its reinvestment rate. What is the project's modified internal rate of return (MIRR)?

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Financial Management, Finance

Category:- Financial Management
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