You have been asked to analyze a capital investment proposal. The project's cost is $2,775,000....

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Finance

You have been asked to analyze a capital investment proposal. The project's cost is $2,775,000. Cash inflows are projected to be $925,000 in Year 1; $1,000,000 in Year 2; $1,000,000 in Year 3; $1,000,000 in Year 4; and $1,225,000 in Year 5. Assume that your firm reinvestment rate is 5.5%. What is the project's MIRR? Show all work for credit.

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