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Business, 03.12.2021 18:30 jdale8369

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 ($26,000 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 $ 12,000 2 11,000 3 9,000 What is the modified internal rate of return

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