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Business, 26.02.2020 02:52 jadak2020

The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 11 percent. The project being analyzed is as follows ($35,000 investment): Use Appendix A and Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year Cash Flow 1 $ 17,000 2 15,000 3 10,000 What is the modified internal rate of return

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