Define the difference between the MIRR and the IRR

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Edison Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Define the difference between the MIRR and the IRR.

WACC = 10%

                  Year:                     0                 1            2               3    

                  Cash flows:        -$1,000      $350          $500          $390

Reference no: EM13834961

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