Management of sycamore home furnishings

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Reference no: EM131566666

Management of Sycamore Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $207,550 and will generate cash flows of $76,750 over each of the next six years. If the cost of capital is 14 percent, what is the MIRR on this project? (Do not round intermediate calculations. Round answer to 2 decimal places, e.g. 15.25%.) MIRR %

Reference no: EM131566666

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