Question: Please show all work and explain each step. DO NOT use Excel. Project COUGAR requires an initial investment of $1,000. The estimated cash flows to
Project COUGAR requires an initial investment of $1,000. The estimated cash flows to be generated by this project over the next four years are $500,$700,$200, and $100, respectively. If the weighted average cost of capital (WACC) is 11%, calculate the modified IRR for this project
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