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Question
Manheim Candles is considering a project with the following incremental cash flows. Assume a discount rate of 10%.| Year | Cash Flow |
| 0 | ($20,000) |
| 1 | 0 |
| 2 | $30,000 |
| 3 | $30,000 |
Calculate the project's MIRR. (Round to the nearest whole percentage.)
A) 31%
B) 47%
C) 53%
D) 61%
Answer
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