What is the modified irr at a given discount rate

Reference no: EM131794496

Qusetion: A project costs $22,900 to initiate. It is expected to provide cash flows of $15,900 in Year 1 and $9,900 in Year 2. In Year 3, it will cost the firm $5,500 to end the project. What is the modified IRR at a discount rate of 14 percent?

Reference no: EM131794496

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