What is the project modified internal rate of return

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Martingale Corporation is considering a project that requires an initial investment of $5,000 in Year 0. The project is also expected to have a "net cost" of $5,000 in Year 1. It will then provide a positive annual cash inflow of $7,500 in both Year 2 and in Year 3. The firm's required return for this project is 12%. What is the project's modified internal rate of return (MIRR)

Reference no: EM133118458

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