A company's weighted average cost of capital is 9.8% per year. A project requires an...
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Accounting
A company's weighted average cost of capital is 9.8% per year. A project requires an investment of exist920,000 today and it will generate after-tax cash flows of exist200,000 at the end of year 1, exist300,000 at the end of year 2, exist400,000 at the end of year 3, and exist500,000 at the end of year 4. What is the project's annual modified internal rate of return? 17.1% 15.2% 18.3% 16.6% 14.2%
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