Mirr using the discounted approach

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TL Lumber is evaluating a project with cash flows of -$12,800, $7,400, $11,600, and -$3,200 for years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach?

A.)13.25 percent

B.)14.08 percent

C.) 15.40 percent

D.)14.36 percent

E.) 19.23 percent

Reference no: EM13971378

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