Approach to the modified internal rate of return

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Drinking Water Systems is analyzing a project with projected cash inflows of $127,400, $209,300, and -$46,000 for Years 1 to 3, respectively. The project costs $251,000 and has been assigned a discount rate of 12.5 percent. Should this project be accepted based on the discounting approach to the modified internal rate of return? Why or why not?

Please show me an easy way to input the calculations into my calculator.

Reference no: EM132285074

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