Question: A project with the following expected cash flow pattern and a cost of capital of 1 0 % would have a Modified IRR of approximately

Aproject with the following expected cash flow pattern and a cost of capital of 10% would have a Modified IRR of approximately %.(Calculate to one decimal point.)
Initial Investment ($50,000)
Year 1 inflow: $15,000
Year 2 inflow: $20,000
Year 3 inflow: $25,000
Year 4 inflow: $30,000
Year 5 inflow: $25,000

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