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Business, 22.02.2021 19:30 ijohnh14

The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a hand application of the MIRR method to determine the ERROR for the estimated net cash flows (in $1000 units) of $-60,000 in year 0, $15,000 in years 1 through 8, and $-1,000 in year 9. Assume a borrowing rate of 9% and an investment rate of 23% per year.

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