What is the projects annual modified internal rate of


A project requires an investment of $10,000 today and it will generate after-tax cash flows of $3,000 at the end of year 1, $5,000 at the end of year 2, and $8,000 at the end of year 3. The company’s weighted average cost of capital is 12.6% per year. What is the project’s annual modified internal rate of return?

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Financial Management: What is the projects annual modified internal rate of
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