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Category > Accounting Posted 06 Jun 2017 My Price 3.00

The Caffeine Coffee Company uses the modified internal rate of return

The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The project being analyzed is as follows ($34,000 investment):

Use Appendix A and Appendix B.
Year Cash flow    
1 $ 13,000    
2 12,000    
3 10,000    
 
(a)

What is the modified internal rate of return? An approximation from Appendix B is adequate. (You do not need to interpolate.) (Round "FV Factor" to 3 decimal places and final answer to 2 decimal places. Omit the "%" sign in your response.)

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Status NEW Posted 06 Jun 2017 06:06 PM My Price 3.00

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file 1496773924-Answer.docx preview (120 words )
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