Determine the modified internal rate of return for project

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Reference no: EM13721484

Determine the modified internal rate of return for a project that costs $75,000 and would yield after-tax cash flows of $12,000 the first year, $14,000 the second year, $17,000 the third year, $19,000 the fourth year, -$23,000 the fifth year, and $29,000 the sixth year. The cost of capital is 11%.

Reference no: EM13721484

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