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A Project Is Expected to Have Annual Cash Flows of $36,800,$24,600,and

Question 20

Multiple Choice

A project is expected to have annual cash flows of $36,800,$24,600,and -$9,200 for Years 1 to 3,respectively.The initial cash outlay is $44,500 and the discount rate is 11 percent.What is the modified IRR?


A) 14.66%
B) 13.22%
C) 12.73%
D) 18.67%
E) 15.70%

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