Question: Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $500,000. The projects expected cash flows are: Year Cash Flow Year 1

Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $500,000. The projects expected cash flows are: Year Cash Flow Year 1 $275,000 Year 2 200,000 Year 3 450,000 Year 4 450,000 Celestial Crane Cosmeticss WACC is 10%, and the project has the same risk as the firms average project. Calculate this projects modified internal rate of return (MIRR):

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