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RAK Corp. uses an interest rate of 10 percent on all its projects. The company is evaluating a project with the following cash flows:
Year Cash Flow
0 $ (41,000)
1 $ 15,700
2 $ 19,400
3 $ 24,300
4 $ 18,100
5 $ (9,400)
Question 1: Calculate the MIRR of this project using all three MIRR methods.
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