Find the modified internal rate of return for the series

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Find the modified internal rate of return (mirr) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 12.97%. the initial outlay is $498,200. year 1:$149,700 year 2: $183,200 year 3: $142,900 year 4: $181,400 year 5: $161,000

Reference no: EM131603901

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