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Answer the following questions. Polk Products is considering an investment project with the following cash flows:...

Answer the following questions. Polk Products is considering an investment project with the following cash flows:

Year 0

Year 1

Year 2

Year 3

Year 4

Year 5

Cashflow

-100

90

-25

-40

30

80

The company’s cost of capital is 10%, and it can get an unlimited amount of capital at that cost.

What is the modified internal rate of return (MIRR) for the Project?

Select one:

a. 15.77%

b. 10.80%

c. 10.18%

d. 6.03%

e. 8.54%

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