Question: 33. You have a project that has an initial cost of $100 million. The project is expected to provide cash flows of $20 million per

33. You have a project that has an initial cost of

33. You have a project that has an initial cost of $100 million. The project is expected to provide cash flows of $20 million per year after taxes for seven years. The cost of capital is 8%. The modified internal rate of return for the project is? (a) (b) 8.63% 9.83% 4.92% 9.20% (d)

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