Using the modified internal rate of return

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Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 14.23npercent. What is the MIRR of a project if the initial costs are $1995600.00 and the project life is estimated as 8 years? The project will produce the same after-tax cash inflows of $489900 per year at the end of the year Round the answer to Iwo decimal.

Reference no: EM131188084

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