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Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of...

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Green Caterpillar Garden Supplies Inc. is analyzing a project that requires an initial investment of $2, 225,000. The project's expected cash flows are: Green Caterpillar Garden Supplies Inc.'s WACC is 8%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR). -13.72% 19.50% 29.26% 23.16% If Green Caterpillar Garden Supplies Inc.'s managers select projects based on the MIRR criterion, they should accept accept reject this independent project. Which of the following statements about the relationship between the IRR and the MIRR is correct? A typical firm's IRR will be greater than its MIRR. A typical firm's IRR will be less than its MIRR. A typical firm's IRR will be equal to its MIRR

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