Develop next-generation launch missile engine configuration

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Reference no: EM131852719

The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a hand application of the MIRR method to determine the EROR for the estimated net cash flows (in $1000 units) of $-44,000 in year 0, $12,000 in years 1 through 8, and $-2,000 in year 9. Assume a borrowing rate of 9% and an investment rate of 23% per year. The external rate of return is _______%.

Reference no: EM131852719

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