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A Project Is Expected to Have Annual Cash Flows of $22,400,$13,600

Question 79

Multiple Choice

A project is expected to have annual cash flows of $22,400,$13,600 and -$4,200 for Years 1 to 3,respectively.The initial cash outlay is $27,500 and the discount rate is 12 percent.What is the modified IRR?


A) 13.12%
B) 13.22%
C) 2.73%
D) 8.67%
E) 9.75%

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