The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of
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The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 14 percent. The project being analyzed is as follows($42,000 investment):
Year | Cash Flow |
---|---|
1 | $21,000 |
2 | $19,000 |
3 | $15,000 |
What is the modified internal rate of return? (Do not round intermediate calculations)
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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