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Sunland Bakeries recently purchased equipment at a cost of $572,500. Management expects the equipment to...

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Finance

Sunland Bakeries recently purchased equipment at a cost of $572,500. Management expects the equipment to generate cash flows of $315,250 in each of the next four years. The cost of capital is 14 percent. What is the MIRR for this project? (Round intermediate calculations to 3 decimals e.g. 15.123 and final answer to 1 decimal e.g. 15.2%. Do not round factor values.)

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