Project annual modified internal rate of return

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A company's weighted average cost of capital is 8.8% per year. A project requires an investment of $150,000 today and it is expected to generate after-tax cash flows of $20,000 at the end of year 1, $50,000 at the end of year 2, $60,000 at the end of year 3, and $30,000 at the end of year 4. What is the project's annual modified internal rate of return?

Reference no: EM132503821

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