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Find the modified internal rate of return

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Reference no: EM132767920

Question - Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 12.95 percent. The initial outlay is $329,500.

Year 1: $185,700

Year 2: $145,200

Year 3: $164,300

Year 4: $166,500

Year 5: $143,500

Reference no: EM132767920

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