Question: Jamaica Corp. is adding a new assembly line at a cost of $ 8.0 million . The firm expects the project to generate cash flows

Jamaica Corp. is adding a new assembly line at a cost of $ 8.0 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 project's Modified Internal Rate of return ( MIRR ) and should the company add the new assembly line ? 18.00 percent

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