Problem 10-03 MIRR A project has an initial cost of $40,175, expected net cash inflows of $8,000
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Question:
Problem 10-03
MIRR
A project has an initial cost of $40,175, expected net cash inflows of $8,000 per year for 8 years, and a cost of capital of 12%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.
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