Considering two mutually exclusive projects

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Lithium, Inc is considering two mutually exclusive projects A and B. Project A cost $95,000 and is expected to generate $65,000 in year one and $75,000 in year two. Project B COST $120,000 and it is expected to generate $64,000 in year one , $67,000 in year two, $56,000 in year three and $45,000 in year four. Lithium Inc's required a rate of return for these project is %10 The modified internal rate for Project B is ?

Reference no: EM131052641

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