Question: D Question 38 4 pts A capital budgeting project with nonconventional cash flows requires an initial investment of $75,000 and a further investment of $50,000

D Question 38 4 pts A capital budgeting project with nonconventional

D Question 38 4 pts A capital budgeting project with nonconventional cash flows requires an initial investment of $75,000 and a further investment of $50,000 in year 3. The project will produce cash flows of $50,000 in years 1 and 2 and $35,000 in years 4 and 5. If the firm's cost of capital is 9%, what is the project's MIRR? (round to 2 decimal places)

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