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Blue Elk Manufacturing Inc. is analyzing a project with the following cash flows: Cash Flow...

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Blue Elk Manufacturing Inc. is analyzing a project with the following cash flows: Cash Flow Year -$1,260,000 Year 0 Year 1 $375,000 Year 2 $400,000 $480,000 Year 3 Year 4 $320,000 cash flows This project has conventional Blue Elk Manufacturing's WACC is 6.50%. Calculate this project's modified internal rate of return (MIRR). 6.37% 6.50% 6.70% 8.37% Blue Elk Manufacturing's managers select projects based only on the MIRR criterion. Should Blue Elk Manufacturing's managers accept this independent project? Yes No

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