Finding the projects modified internal rate of return
Question: A company's project has expected net cash inflows of $4,000 per year for seven years. The project has a cost of $12,200 and the cost of capital is 17%. What's the project's modified internal rate of return?
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The project has a cost of $12,200 and the cost of capital is 17%. What's the project's modified internal rate of return?
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