Compute the modified internal rate of return mirr for a


Using a required rate of return equal to 12 percent, compute the modified internal rate of return (MIRR) for a project that costs $82,000 and is expected to generate $35,000, $70,000, and -$10,450, respectively, during the next three years. Should the project be purchased?

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Financial Management: Compute the modified internal rate of return mirr for a
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