Yr 5. A project will cost $95,000 today and there will be an additional cost...
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Yr 5. A project will cost $95,000 today and there will be an additional cost in year 3 of $15,000. The project will have the following projected cash flows: Cash Flow $30,000 $50,000 $0 $50,000 The discount rate is 14% Calculate the modified internal rate of return. Do you accept or reject? (Must have correct set-up and your answer should be between two consecutive whole percentages.)
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