7.3 Hitch Petroleum. Inc. is trying to evaluate a generation project with the following cash...
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7.3 Hitch Petroleum. Inc. is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 $30,000,000 1 53,000,000 2 -10,000,000 a. (5 points) If the company requires a 12 percent return on its investments, should it accept this project? Why? b. (5 points) Compute the MIRR for this project using a 12% discount rate
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