Question: Using a required rate of return equal to 1 4 percent, compute the modified internal rate of return ( MIRR ) for a project that

Using a required rate of return equal to

14

percent, compute the modified internal rate of return

(

MIRR

)

for a project that costs $

82, 000

and is expected to generate $

40, 000,

80, 000,

and

-

12, 900,

respectively, during the next three years. Should the project be purchased? Do not round intermediate calculations. Round your answer to two decimal places.

Using a required rate of return equal to 14 percent, compute

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