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Problem:

Find the modified internal rate of return (MIRR) for the following series of cash flows. The company can reinvest the cash flows from the project at an annual rate of 5%. The initial outlay for the project is $450,000. The project will produce the following after-tax cash inflows of

Year 1:159,000
Year 2: 133,000
Year 3: 193,000
Year 4: 156,000

Note: Solve the problem and show all work.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174784

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