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Turner Enterprises Is Analyzing a Project That Is Expected to Have

Question 20

Multiple Choice

Turner Enterprises is analyzing a project that is expected to have annual cash flows of $46,400,$51,300 and -$15,200 for Years 1 to 3,respectively.The initial cash outlay is $65,900 and the discount rate is 12 percent.What is the modified IRR?


A) 17.77%
B) 18.13%
C) 18.66%
D) 17.04%
E) 16.98%

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