Project M has an initial cost of $56,705, and its expected net cash inflows are $13,250 per
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Project M has an initial cost of $56,705, and its expected net cash inflows are $13,250 per year for 6 years. The firm has a WACC of 9 percent, and Project M’s risk would be similar to that of the firm’s existing assets. Calculate Project M’s modified internal rate of return (MIRR).
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