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TL Lumber Is Evaluating a Project with Cash Flows of -$12,800

Question 19

Multiple Choice

TL Lumber is evaluating a project with cash flows of -$12,800, $7,400, $11,600, and -$3,200 for Years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach?


A) 13.25 percent 
B) 14.08 percent 
C) 15.40 percent 
D) 14.36 percent 
E) 19.23 percent 

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