What is the mirr for this project

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Reference no: EM131934873

Morningside Bakeries recently purchased equipment at a cost of $621,500. Management expects the equipment to generate cash flows of $265,250 in each of the next four years. The cost of capital is 14 percent. What is the MIRR for this project? (Round answer to 1 decimal places, e.g. 15.2%.)

Reference no: EM131934873

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