### Calculate the? project mirr

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Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of ?\$11 million and would generate annual cash inflows of ?\$2.5 million per year for years one through four. In year five the project will require an investment outlay of ?\$5.5 million. During years 6 through 10 the project will provide cash inflows of ?\$5.5 million per year. Calculate the? project's MIRR, given a discount rate of 9 percent.

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