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Problem:

Determine the modified internal rate of return for a project that costs $75,000 and would yield after-tax cash flows of $12,000 the first year, $14,000 the second year, $17,000 the third year, $19,000 the fourth year, -$23,000 the fifth year, and $29,000 the sixth year. The cost of capital is 11%. Explain in detail.

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  • Category:- Basic Finance
  • Reference No.:- M91146208

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