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Question
Tinker Tools, Inc. is considering a project with the following cash flows. Calculate the MIRR of the project assuming a reinvestment rate of 8%.| Year | Cash Flows |
| 0 | ($70,000) |
| 1 | ($55,000) |
| 2 | $40,000 |
| 3 | $60,000 |
| 4 | $100,000 |
Answer
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