A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capit

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answerhappygod
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A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capit

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A project has an initial cost of $55,000, expected net cashinflows of $8,000 per year for 11 years, and a cost of capital of13%. What is the project's MIRR? (Hint: Begin byconstructing a time line.) Do not round intermediate calculations.Round your answer to two decimal places.
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