Evaluating two projects for this year capital budget

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Capital budgeting criteria A firm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows:

0 1 2 3 4 5 Project A -$24,000 $8,000 $8,000 $8,000 $8,000 $8,000

0 1 2 3 4 5 Project B -$72,000 $22,400 $22,400 $22,400 $22,400 $22,400

Calculate MIRR for each project. Round your answers to two decimal places. Project A ____%?

Reference no: EM131343513

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