Question: Jamaica Corp. is adding a new assembly line at a cost of $7.8 million. The firm expects the project to generate cash flows of $2

Jamaica Corp. is adding a new assembly line at a cost of $7.8 million. The firm expects the project to generate cash flows of $2 million, $3 million $4 million, and $5 million over the next four years. Its cost of capital is 16 percent. What is the MIRR on this project, and should the company add the new assembly line? (Round to two decimal places) 21.14%, Yes 23.86%. Yes 21.149, No 23.86%. No

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