What is the project modified internal rate of return

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Question - Escalus Corporation is considering a project that requires an initial investment of $12,000 at the beginning. The project provides annual cash inflows as following: $10,000 in Year 1, $10,000 in Year 2, and $-5,000 (note: this is a negative value!) in Year 3. The firm's required return for this project is 14%. What is the project's modified internal rate of return (MIRR) using the "combination" method?

Reference no: EM133269774

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