Question: Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The firm is expected to generate cash flows of $4,000 in year

Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The firm is expected to generate cash flows of $4,000 in year 1, $5,000 in year 2, $3,000 in year 3 and $2,000 in year 4 . If Mirha's wacc is 6%, what is this project's modified internal rate of return?

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