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Wiley's Wire Products Is Considering a Project That Has the Following

question 106

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Wiley's Wire Products is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR?Note that a project's MIRR can be less than the cost of capital (and even negative) , in which case it will be rejected. r=11.00% Year 0123 Cash flows $800$350$350$350\begin{array}{lcccc}&r=11.00 \%\\\text { Year } & 0 & 1 & 2 & 3 \\ \text { Cash flows } & -\$ 800 & \$ 350 & \$ 350 & \$ 350\end{array}

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