Question: MTR Inc. is considering a 3 - year project with an initial expenditure of $ 8 5 0 million. The project will generate $ 2

MTR Inc. is considering a 3-year project with an initial expenditure of $850 million. The project will generate $252, $320, and $474 for the next 3 years. If the cost of capital is 11 percent, what is the modified internal rate of return for the project

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