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A Project Has an Initial Cost of $48,900 and Cash

Question 45

Multiple Choice

A project has an initial cost of $48,900 and cash flows of $31,300,-$11,600,and $40,300 for Years 1 to 3,respectively.The discount rate is 14 percent.What is the modified IRR?


A) 11.68%
B) 15.59%
C) 10.59%
D) 12.67%
E) 14.92%

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