Question: A project's initial cost is ( $ 14,000 ) and its cash flows over the next 4 years are ( $ 5,000, $ 5,000, $

$A project's initial cost is \$ \\$ 14,000 \$ and its$

A project's initial cost is \$ \\$ 14,000 \$ and its cash flows over the next 4 years are \$ \\$ 5,000, \\$ 5,000, \\$ 3,000 \$ and \$ -\\$ 2,000 \$. What is the project's modified internal rate of return using the combination approach if the required rate of return is \9.95 ? Multiple Choice \1564 \391 \$ 33 x \$ \99

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