Discounting approach to the modified internal rate or return

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Drinkable Water System is analyzing a project with project cash inflows of $137,000, $189,300, and -$25,000 for 1 to 3, respectively. The project cost $236,000 and has been assigned a discounted rate of 14 percent. Should this project be accepted based on the discounting approach to the modified internal rate or return? Why or why not?

Reference no: EM131999853

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