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Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have...

Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have the following cash flows:

Year Cash Flow

0   -29,000

1    11,200

2    13,900

3 15,800

4    12,000

5 -9,400

The company uses an 9% discount rate on all of its projects. Using the combination method what is the MIRR of the project?

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