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Find the modified internal rate of return

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Reference no: EM132131579

Find the modified internal rate of return (MIRR) The annual rate is 8.24%.

Initial outlay is $356,800.

Year 1: $163,100

Year 2: $173,100

Year 3: $181,300

Year 4: $175,700

Year 5: $161,400

Reference no: EM132131579

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