Question: Cash flows for Project I is given below and the appropriate cost of capital is 8 percent. Project I TIME 0 1 2 3 4

Cash flows for Project I is given below and the appropriate cost of capital is 8 percent. Project I TIME 0 1 2 3 4 Cash Flow $ 11,500 $ 3,250 $ 4,000 $ 1,600 $ 2,100 Calculate the MIRR for Project I. (Round your answer to 2 decimal places. Omit the "%" sign in your response.) MIRR % Using the MIRR method, should the project be accepted or rejected?

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